Sapura Energy records net loss of RM100.89m in 3Q

KUALA LUMPUR: Sapura Energy Bhd recorded a net loss of RM100.89mil for the third quarter of its 2020 financial year ended Oct 31, 2019, as compared to a net loss of RM31.1mil in the previous corresponding quarter.

Revenue for the quarter rose to RM1.78bil, which was 47.4% higher than RM1.21bil in the year ago quarter, mainly owing to higher revenue in the engineering and construction segment.