PETALING JAYA: UMW Oil & Gas Corp Bhd (UMW-OG), which ceased to be a subsidiary of UMW Holdings Bhd last month, reduced its loss to RM50.99mil in the second quarter (Q2) ended June 30 from RM67.25mil a year earlier.
This marked the first quarter in more than two years that the company has showed a year-on-year improvement in its bottom-line results.
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