SapuraCrest Petroleum Bhd's pre-tax profit for the third quarter ended Oct 31, 2011 rose to RM136.4 million from RM100.072 million in the same quarter last year. Revenue, however, fell to RM745.757 million from RM1.015 billion previously, the company said in a filing to Bursa Malaysia here today.
For the nine months ended Oct 31, 2011, it posted a pre-tax profit of
RM397.195 million on the back RM1.996 billion in turnover. SapuraCrest said the increase in pre-tax profit during the quarter was due to higher contribution from marine services division.
Meanwhile, in a separate filing, the group said its wholly-owned unit, TL
Offshore Sdn Bhd, has incorporated a wholly-owned subsidiary in Bermuda --
SeaBras Sapura Holdco Ltd.
Concurrently, SeaBras Sapura Holdco also incorporated two wholly-owned
subsidiaries in Bermuda, TL Offshore PLSV1 Ltd and TL Offshore PLSV2 Ltd, of
which their activities were vessel owning and vessel chartering, it said.
The group said the incorporation of new subsidiaries was not expected to
have any material effect on its earnings and net assets for financial year
ending Jan 31, 2012. -- Bernama
For the nine months ended Oct 31, 2011, it posted a pre-tax profit of
RM397.195 million on the back RM1.996 billion in turnover. SapuraCrest said the increase in pre-tax profit during the quarter was due to higher contribution from marine services division.
Meanwhile, in a separate filing, the group said its wholly-owned unit, TL
Offshore Sdn Bhd, has incorporated a wholly-owned subsidiary in Bermuda --
SeaBras Sapura Holdco Ltd.
Concurrently, SeaBras Sapura Holdco also incorporated two wholly-owned
subsidiaries in Bermuda, TL Offshore PLSV1 Ltd and TL Offshore PLSV2 Ltd, of
which their activities were vessel owning and vessel chartering, it said.
The group said the incorporation of new subsidiaries was not expected to
have any material effect on its earnings and net assets for financial year
ending Jan 31, 2012. -- Bernama
