Sapura Energy 1Q net profit jumps 59% to RM146mil

PETALING JAYA: Sapura Energy Bhd will continue to implement its reset plan throughout its current financial year to enhance profitability and cash flow, ensure discipline and excellence in bidding and project execution, as well as address its unsustainable debt.

Despite challenges in accessing bank guarantees and working capital facilities, the oil and gas company said it had successfully secured RM1.4bil in contract wins, increasing its outstanding order book to RM5.8bil.