Bursa Malaysia Stock Watch
Sapuracrest H1 pre-tax profit at RM212m
kltrader
Publish date: Wed, 29 Sep 2010, 11:18 PM
kltrader
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SAPURACREST Petroleum Bhd's pre-tax profit for its first half year financial period ended July 31, 2010 went up to RM211.5 million from RM175.9 million in same period last year.
Revenue, however decreased to RM1.568 billion from RM1.748 billion.
In its second quarter, the company posted a pre-tax profit of RM112.8 million compared to RM107.9 million in same quarter last year.
Its revenue declined to RM898.1 million from RM1.031 billion.
In a filing to Bursa Malaysia today, it attributed the improved pre-tax profit to higher contribution from installation of pipeline and facilities activities and from the drilling division.
Meanwhile, the lower revenue was due to lower activities in drilling and marine services divisions.
Going forward, the group expects to achieve satisfactory results for the financial year ending Jan 31, 2011. -- BERNAMA
Revenue, however decreased to RM1.568 billion from RM1.748 billion.
In its second quarter, the company posted a pre-tax profit of RM112.8 million compared to RM107.9 million in same quarter last year.
Its revenue declined to RM898.1 million from RM1.031 billion.
In a filing to Bursa Malaysia today, it attributed the improved pre-tax profit to higher contribution from installation of pipeline and facilities activities and from the drilling division.
Meanwhile, the lower revenue was due to lower activities in drilling and marine services divisions.
Going forward, the group expects to achieve satisfactory results for the financial year ending Jan 31, 2011. -- BERNAMA
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