Sapura Energy returns to the black in 2019 with RM207m net profit
KUALA LUMPUR, March 25 — Sapura Energy Bhd has returned to the black with a net profit of RM207.55 million for the financial year ended January 31, 2019 compared with a net loss of RM2.5 billion in the preceding year.
“It also includes a provision for impairment of RM1.5 billion, primarily for drilling, and engineering and construction assets,” it said. For the fourth quarter ended Jan 31, 2019, Sapura Energy posted a net profit of RM 500 million and revenue of RM1.49 billion.
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