Oil and Gas Malaysia News

SAPURA ENERGY RECORDS JUMP IN Q3 REVENUE

acinanatucer
Publish date: Mon, 09 Dec 2019, 09:24 AM
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Sapura Energy Bhd’s performance in the first nine months of 2019 shows the company’s ability and resilience to sustain its businesses amidst prevailing market conditions.

The company’s revenue in the third quarter (Q3) ended on October 31, 2019 jumped to RM1.77bil from RM1.2bil in the same quarter last year.

Under president and group chief executive officer Tan Sri Shahril Shamsuddin, Sapura Energy’s improvement in revenue reflected the large volume of projects or activities that were in their early execution phases, involving mainly engineering and procurement, with lower project margins.

As for order book, the company recently won new contracts and extensions in Malaysia, Mozambique and Brazil with a combined value of RM615mil. This brings Sapura Energy’s total order book year-to-date to RM15.1 billion.

In Bursa Malaysia, Sapura Energy continues to be among the most active counters.

It expects the industry outlook to remain challenging, and Sapura Energy will remain resolute in its strategy to continue to pursue more global opportunities by leveraging its capabilities, track record and strong asset base. 

 

Sources: Linkedin Azlan Abu Bakar

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Discussions
Be the first to like this. Showing 10 of 10 comments

Tang Khangseng

So misleading, why you never mentioned their operating expenses? Net profit?

2019-12-09 13:07

Vincentong

Sapulah

2019-12-09 15:57

Silent75

Step down

2019-12-09 16:19

THEREALDEAL

Crony gaji buta ,

2019-12-09 20:26

Smartinvestor2030

Revenue only la.... In fact, strong orderbook would not guarantee earnings translation because of high operating cost!

2019-12-09 22:23

Smartinvestor2030

This Emico is even better one!!!!

https://klse.i3investor.com/blogs/thebesttips/245484.jsp

2019-12-09 22:24

Victor Yong

still losing money nonstop, forecast to be profitable only in 2021.. many profitable & undervalued companies , no reasons to touch loss-making companies and without dividend

2019-12-10 08:28

namenisis23

Sapura is basically sapu job just for book order.... all the jobs they get are losing money or not good profit...at the end u can see them squeeze all contractors/consultants...even a lot of people working inside left the company as they are being squeeze by the company.... believe a lot of good O&G stocks in the market....don't be looking at the top line (revenue) to buy the stocks but not looking at the bottom line (net profit)...

2019-12-10 08:45

Shinnzaii

Aiyo...I suggest those big holding fund like PNB and amanah saham question the management of sapura...as long as they keep add on their order book, you dunno what is the profit and loss for each project tender...hehe

2019-12-10 08:49

investopology

lol why sapura can be a top article? such a lousy counter. Almost hit 25c all time low soon.

2019-12-10 16:07

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