Sapura Energy posts RM1.5bil loss in Q2

Group chief executive officer Datuk Mohd Anuar Taib said it is currently negotiating amicable solutions with clients.

KUALA LUMPUR: Sapura Energy Bhd made a RM1.52bil loss in the second quarter (Q2) as the Covid-19 pandemic pushed up the cost on certain projects, forcing the oil and gas company to make hefty provisions for foreseeable losses.

Project delays in Taiwan and India had also worsened its results.

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Sapura Energy Bhd , loss , Q2 , Mohd Anuar Taib , solutions , India , Taiwan ,

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