Sapura Energy posts first profit in 18 months

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Sapura Energy posts first profit in 18 months
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The country's largest oil and gas services company reported profit after five consecutive quarters of losses.

KUALA LUMPUR: Malaysia’s largest oil and gas services company Sapura Energy on Monday reported a profit for the fourth quarter on gains from disposal of a subsidiary stake, after five consecutive quarters of losses.

Revenue stood at RM1.49 billion from RM902.7 million in the year-ago period, on higher revenue from its engineering and construction business segment.

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