Carimin swings back to profitability in fourth quarter

In a filing with Bursa Malaysia, Carimin said its outlook remained positive given the resumption and continuation of project activities.

PETALING JAYA: Carimin Petroleum Bhd returns to the black, with a net profit of RM2.11mil for the fourth quarter of its financial year ended June 30, 2021 (FY21), compared with a net loss of RM4.45mil in the same period a year ago.

The company attributed the improvement to the finalisation of projects and cost rationalisation. It announced a second interim dividend of 0.50 sen per share.