Sapura Energy narrows net loss to RM508.66mil in FY24

KUALA LUMPUR: Despite making some headway in its "reset" plan, Sapura Energy Bhd chairman Datuk Mohamad Azlan Abdullah says the oil and gas services firm is not yet out of the woods.

"The reset plan is very complex, and there remains a lot of hard work ahead of us before we achieve long-term financial and operational stability,” he said in comments accompanying the financial results of the Practice Note 17 (PN17) company.