09-28-2023, 06:32 AM
![[Image: Sapura-Energy-Pic.jpg]](https://media.freemalaysiatoday.com/wp-content/uploads/2022/12/Sapura-Energy-Pic.jpg)
KUALA LUMPUR: Sapura Energy Bhd’s fortunes have turned for the better after recording a net profit of RM42.81 million in the quarter ended July 31, 2023 (Q2 FY2024) compared to a net loss of RM2.59 million in the same quarter last year.
In a filing with Bursa Malaysia, the oil and gas company said the improved Q2 FY2024 performance was mainly due to lower depreciation, a higher share of profit from joint ventures and associates, as well as favourable foreign exchange gain from the appreciation of the US dollar against the ringgit.
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