KUALA LUMPUR: Sapura Energy Bhd
slipped into the red with a net loss of RM669.34 million in the third quarter ended Oct 31, 2021 (Q3) compared with a net profit of RM17.21 million posted in the same period a year ago.
Revenue, however, increased to RM1.45 billion from RM1.33 billion previously, mainly attributable to higher revenue recognised from the drilling business segment, the company said in a filing with Bursa Malaysia today.
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