Sapura anticipates unrealised forex losses


Sapura Energy group chief executive officer Datuk Mohd Anuar Taib.

PETALING JAYA: Sapura Energy Bhd, which slipped into losses in its latest quarter due to the stronger ringgit, cautioned shareholders that “foreign-exchange (forex) volatility” may continue in upcoming quarters.

Group chief executive officer Datuk Mohd Anuar Taib said the group generally maintains a natural hedge against foreign currency exposure at the operational level.

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