KUALA LUMPUR: Dialog Bhd said it remains optimistic of its positive performance in the current financial year while acknowledging the challenging economic environment in the short- to medium-term.
"Dialog will remain focused and steadfast in the pursuit of its key long-term strategies.
"With our dedicated management team, we remain confident that our business model is well structured to manage and sustain the group through periods of economic uncertainty, oil price volatility and currency movements," it said in a filing with Bursa Malaysia.
In the third quarter ended March 31, 2023, the technical service provider recorded a net profit of RM130.81mil, representing an earnings per share of 2.32 sen, down from a net profit of RM133.07mil in the same quarter last year.
The group reported revenue of RM802.79mil, up from RM593.43mil in 3QFY22.
In line with the performance, the group declared an interim dividend of 1.3 sen, with entitlement on June 13, 2023, and payable on June 27, 2023.
Looking ahead, Dialog said its main focus will continue to be the midstream business with the ongoing development of Pengerang Deepwater Terminals (PDT) into the largest petroleum and petrochemical hub in the Asia Pacific.
"Phase 3 of PDT has been designated for the development of more dedicated petroleum an petrochemical storage terminals for medium to long-term customers, potentially comprising energy traders, multinational energy companies, refineries, and petrochemical plants.
"This will support the further development of various downstream operations including those of the refinery and petrochemical plants within the Pengerang Integrated Petroleum Complex," it said.
For the three quarters to March 31, 2023, the group posted a net profit of RM383.74mil, down from RM389.76mil while revenue rose to RM2.31bil from RM1.64bil in the previous corresponding period.
