Scomi Energy records tiny profit in Q1

In their separate announcements, Scomi Engineering and Scomi Energy said the High Court had granted them an order to convene a CCM within 120 days from the date of the order with the shareholders of the companies, for the purpose of considering and if thought fit, approving the scheme, with or without modification.

PETALING JAYA: Scomi Energy Services Bhd has posted its first quarterly net profit since end-2015, boosted by the lack of impairment cost and a favourable currency exchange rate.

Revenue in the first quarter ended June 30 slumped 26% to RM126.9mil, highlighting the difficult operating conditions across the company’s three major business segments.