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Petra Energy net loss widens in Q3


In the services segment, Petra Energy posted a higher pre-tax loss of RM20.9mil compared to a pre-tax loss of RM17.8mil in the year-ago quarter, excluding impairment losses and other trade receivables

In the services segment, Petra Energy posted a higher pre-tax loss of RM20.9mil compared to a pre-tax loss of RM17.8mil in the year-ago quarter, excluding impairment losses and other trade receivables

PETALING JAYA: Petra Energy Bhd ’s net loss for the third quarter ended Sept 30 widened to almost 3½ times to RM26.97mil from RM7.91mil a year earlier due mainly to losses incurred in an associate.

The group said its share of loss in an associate was RM4.33mil versus a profit of RM9.59mil in the comparative quarter.

   

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