SapuraKencana Q2 profit up 8.6%


By

PETALING JAYA: SapuraKencana Petroleum Bhd’s net profit rose 8.61% to RM445.8mil for the second quarter to July 31 on the back of higher contributions from its offshore construction and subsea services (OCSS) division combined with contributions from Sapura Kencana Energy Inc (SKEI).

On Feb 11, SapuraKencana completed the US$896mil (RM3bil) acquisition of SKEI, formerly known as Newfield Malaysia Holding Inc.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , SapKen , earnings , second quarter

Next In Business News

Societe Generale to cut 1,800 jobs in France
Bank Negara’s international reserves climb slightly to US$125.6bil
Bank Negara leaves OPR steady at 2.75%, as widely expected
Ringgit trading signals growing global confidence in Malaysia
Chipmakers driving AI boom
Nationgate says IRB investigation completed, records in order
CIMB upgraded to AAA in MSCI ESG ratings on stronger sustainability practices
Poultry farmer Hock Soon Capital seeks to raise RM60mil from IPO
Bursa Malaysia continues uptrend at midday
AMS Advanced Material gets Bursa Malaysia's nod for ACE Market listing

Others Also Read