Sapura Energy returns to black with RM43mil net profit - Printable Version +- Ipoh Community Forums (https://forums.ipoh.com.my) +-- Forum: News and Current Affairs (https://forums.ipoh.com.my/forum-11.html) +--- Forum: Local News (https://forums.ipoh.com.my/forum-12.html) +---- Forum: Business. Economy and Investment (https://forums.ipoh.com.my/forum-60.html) +---- Thread: Sapura Energy returns to black with RM43mil net profit (/thread-8525.html)

Sapura Energy returns to black with RM43mil net profit - superadmin - 09-28-2023 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. - More -