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Sapura Energy loss narrows


According to president and group chief executive officer Tan Sri Shahril Shamsuddin, Sapura Energy has been seeing an upward trend in all business segments, particularly the E&C division, driven by an increase in global investments and activities.

According to president and group chief executive officer Tan Sri Shahril Shamsuddin, Sapura Energy has been seeing an upward trend in all business segments, particularly the E&C division, driven by an increase in global investments and activities.

PETALING JAYA: Sapura Energy Bhd narrowed its net loss by over 88% in the third quarter ended Oct 31, led by higher top line and a net foreign exchange gain of RM56.16mil.

However, the integrated oil and gas (O&G) services provider continued its losing streak for the fifth consecutive quarter as it booked a net loss of RM31.09mil. For comparison, the group recorded a net loss of RM274.41mil in the previous year’s corresponding quarter.

Oil & Gas , Corporate News , Sapura

   

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