KUALA LUMPUR (Dec 5): SAPURACREST PETROLEUM BHD [] net profit for the third quarter ended Oct 31, 2010 rose 51.6% to RM83.13 million, due mainly to higher contribution from marine services division.
The company said on Monday that its revenue for the quarter fell by 26.5% to RM745.8 million from RM1.02 billion in 2010 consistent with clients’ planned activities for the quarter.
Earnings per share rose to 6.51 sen from 4.30 sen a year earlier, while net assets per share was RM1.
For the nine months ended Oct 31, SapuraCrest’s net profit jumped to RM233.71 million from RM158.77 million in 2010, on the back of revenue RM1.99 billion.
“Barring any unforeseen circumstances, the directors expect the group to achieve improved results for the financial year ending Jan 31, 2012,” it said.
The company said on Monday that its revenue for the quarter fell by 26.5% to RM745.8 million from RM1.02 billion in 2010 consistent with clients’ planned activities for the quarter.
Earnings per share rose to 6.51 sen from 4.30 sen a year earlier, while net assets per share was RM1.
For the nine months ended Oct 31, SapuraCrest’s net profit jumped to RM233.71 million from RM158.77 million in 2010, on the back of revenue RM1.99 billion.
“Barring any unforeseen circumstances, the directors expect the group to achieve improved results for the financial year ending Jan 31, 2012,” it said.
