"Furthermore, the strengthening of the US dollar is favourable to the group with more than 80% of the group's revenue transacted in US dollar. Particularly at SilTerra, we will continue to focus on investing in new emerging technologies that command higher average selling prices for long-term sustainability," he said.
Syed Zainal Abidin said DNeX's energy division is also expected to benefit from stabilising Brent crude oil prices over the near term on the back of Russian oil sanctions and production cuts by OPEC+.
Dagang NeXchange Bhd (DNeX) posted an 86% year-on-year decline in net profit for the first quarter ended Sept 30, 2022 (1QFY2023) due to the absence of one-off bargain purchase effect from the acquisition of 60% interest in SilTerra Malaysia Sdn Bhd.
KUALA TERENGGANU (July 3): The Tenaga Nasional Bhd (TNB) Sultan Mahmud Power Station (SJSM) in Kenyir, Hulu Terengganu is back in operation to strengthen the National Grid, as all four of its power units have resumed operations three months earlier than planned.
Serba pins high hopes in its European renewable energy conquest
LOOKING beyond oil & gas (O&G), Serba Dinamik Holdings Bhd is optimistic of becoming a major player in the international renewable energy (RE) sphere by riding on its acquisition of Aberdeen (Scotland)-based Wellahead Engineering Ltd.
The Company wishes to announce that the boiler rectification has been completed and the necessary approvals from relevant authorities and regulatory bodies have been obtained as the work and procedure have been certified to be in full compliance with the standard industry requirements and policies particularly in the aspects of safety and quality.
The Plant’s improvement program is progressing as planned and MSM Johor is expected to resume sugar production and packing on 4 June 2021.