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NewsTanjung Offshore’s loss narrows to RM2m
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Tanjung Offshore’s loss narrows to RM2m
by Cals Fri 29 Nov 2013, 18:34
| Tanjung Offshore’s loss narrows to RM2m |
| Business & Markets 2013 |
| Written by Zatil Husna of theedgemalaysia.com |
| Friday, 29 November 2013 18:20 |
Its revenue fell to RM62.98 million from RM73.99 million year-on-year (y-o-y).
For the nine months’ period (9MFY13), the group posted net profit of RM6.39 million, against RM7.55 million loss incurred in the same period last year.
The group’s revenue climbed to RM234.82 million from RM204.69 million previously.
In a note to Bursa today, the group is optimistic on the prospects of oil and gas industry in Malaysia and the region. “We believe we can penetrate into niche areas within the industry for growth with a wider range of products and services in the near future.”
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