Sapura records RM1.17bil revenue for Q2

Sapura records RM1.17bil revenue for Q2

2 months ago

PETALING JAYA: Sapura Energy Bhd has recorded a revenue of RM1.17 billion for the second quarter of the financial year 2023 (Q2 FY2023).

Sapura said it also recorded positive earnings of RM313 million before interest, taxes, depreciation and amortisation (Ebitda).

However, the group posted a loss of RM3 million after tax and minority interests mainly due to its share of a well write-off and impairment by its strategic partnership with SapuraOMV Upstream.

In the same period last year, Sapura recorded a RM1.5 billion loss after tax and minority interests, RM1.17 billion loss in earnings before Ebitda on the back of RM747 million in revenue.

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