The research firm believes that Dialog is likely to proceed with a further expansion of its tank terminal capacity of 1.2m cu m gradually (expected to start in 2022) as demand for petroleum products and crude oil storage space would be strong upon completion of the many petrochemical facilities in the area.
PETALING JAYA: Dialog Group Bhd
’s net profit for its third quarter ended March 31 grew 21% to RM143.71mil from RM118.84mil in the previous corresponding period, mainly due to cost savings realised on completed projects and an increased share of profit in joint ventures and associates.
Dialog, which provides integrated technical services to the petroleum and petrochemical industry, said in a filing with Bursa Malaysia that revenue in the third quarter had dropped to RM636.61mil from RM867.37mil a year earlier.
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