06-27-2023, 07:23 AM
Sapura Energy’s profit run continues
![[Image: Sapura-Energy-Pic.jpg]](https://media.freemalaysiatoday.com/wp-content/uploads/2022/12/Sapura-Energy-Pic.jpg)
PETALING JAYA: Sapura Energy Bhd’s good fortune stretches on with another quarterly profit for the first financial quarter ended April 30, 2023 (Q1 FY2024).
Its net profit rose 58% to RM146.09 million compared to RM91.93 million in the same quarter last year.
The higher profit was driven mainly by lower depreciation, higher share of profit from associates, and net foreign exchange gain due to the US dollar’s appreciation against the ringgit.
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Its net profit rose 58% to RM146.09 million compared to RM91.93 million in the same quarter last year.
The higher profit was driven mainly by lower depreciation, higher share of profit from associates, and net foreign exchange gain due to the US dollar’s appreciation against the ringgit.
- More -