Business

Barakah Offshore 4Q profit down 24% to RM10.6mil

KUALA LUMPUR: Barakah Offshore Petroleum Bhd’s fourth quarter ended Sept 2013 net profit fell 24.2% to RM10.6mil from RM13.99mil a year ago.

However, its revenue was up 70% to RM87.11mil from RM51.24mil a year ago while earnings per share stood lower at 2.19 sen against 2.89 sen a year ago.

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