Dialog seen doing better in second half on continued high storage rates

However, the oil and gas services firm said the higher revenue from these projects was partially offset by lower sales in specialist products and services.

PETALING JAYA: Oil and gas services company Dialog Group Bhd’s earnings performance for the second half of the financial year ending June 30, 2017 (FY17) is foreseen to be stronger-than-expected, driven by the resilience of high storage rates, said UOB KayHian.

Dialog registered net profit of RM267.1mil for the nine-month cumulative period of FY17, compared to RM217mil in the corresponding period last year.