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Petra Perdana hopes to return to black in FY11
by hlk Wed 29 Jun 2011, 14:23
KUALA LUMPUR: PETRA PERDANA BHD [] hopes to return to the black in current financial year ending Dec 31, 2011 as the marine offshore services industry outlook has improved. It posted net loss of RM130.31 million in FY10.
Its managing director Shamsul Saad said on Wednesday, June 29: "We have seen the turnaround in both our business and the industry."
With the turnaround in the company's business, he said it was timely that the group change its name to Perdana Petroleum Bhd to better reflect the company's core business.
The company offers services to the offshore oil and gas industry. Its fleet includes 17 new build anchor handling tug supply vessels.
Its managing director Shamsul Saad said on Wednesday, June 29: "We have seen the turnaround in both our business and the industry."
With the turnaround in the company's business, he said it was timely that the group change its name to Perdana Petroleum Bhd to better reflect the company's core business.
The company offers services to the offshore oil and gas industry. Its fleet includes 17 new build anchor handling tug supply vessels.
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