Sapura Energy needs time to return to the black

Sapura Energy said it has engaged advisors to evaluate and advise on this potential exercise, confirming a recent StarBiz Premium article.

PETALING JAYA: Sapura Energy Bhd may need more time to return to the black despite recent contract wins.

CIMB Equities Research, which is retaining its “hold” call for the oil and gas stock, said Sapura Energy announced several contracts on April 12 with more likely to follow as it is in the process of bidding for many more contracts.