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Sapura Energy posts three-fold increase in Ebitda

has sustained its upward momentum with an earnings before interest, tax, depreciation and amortisation (Ebitda) of RM157mil for its first quarter ended April 30, 2021. This was a three-fold increase quarter-on-quarter (q-o-q) from RM50mil, on the back of improvements in operational efficiencies and continued realisation of cost optimisation initiatives. The group’s quarterly revenue came in at RM1.47bil, a 2.08% increase q-o-q. Sapura Energy narrowed its loss-after-taxation and minority interests to RM97mil for the quarter from RM216mil in the preceding quarter. This was mainly contributed by the one-time financial impact arising from the completion of the group’s refinancing exercise and the unfavourable effect of the US dollar exchange rate against the ringgit.

Sapura Energy posts RM97 07m net loss in Q1 | Money

Sapura Energy posts RM97 07m net loss in Q1 | Money
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No sign of O&G supercycle as yet | Hellenic Shipping News Worldwide

No sign of O&G supercycle as yet | Hellenic Shipping News Worldwide
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