Sapura Energy posts RM43mil net profit in 2Q

PETALING JAYA: Sapura Energy Bhd recorded a net profit of RM42.81mil for the second quarter ended July 31, 2023 (2Q23), helped by lower depreciation, a higher share of profit from joint ventures and associates as well as foreign exchange gains.

In a filing with Bursa Malaysia, the PN17 oil and gas company reported a revenue of RM1.14bil for the period, down by 3% year-on-year, due to the completion of its integrated rig drilling completion project.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

SapuraEnergy , secondquarter , NetProfit , Revenue


Next In Business News

Asia hedge funds avert China turmoil with bets on Japan and AI
Ringgit lower against dollar for third straight day
Bursa Malaysia derivatives to launch its first currency futures on Dec 11
Mercedes-Benz introduces latest EV offerings in Malaysia
Moderate growth in sales and launches
Axiata targets more gains from capital expenditure
Banking sector’s asset quality remains robust
BMW and Mercedes-Benz duel to be No. 1 importer
M&A deals in S’pore and Hong Kong to rise
Critical Holdings IPO oversubscribed by 88.08 times

Others Also Read