Scomi Energy reports RM31.4 mln pre-tax profit for Q3

Business & Markets 2014
Written by Bernama
Wednesday, 19 February 2014 19:55
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KUALA LUMPUR (Feb 19): Scomi Energy Services Bhd has reported a pre-tax
profit of RM31.4 million, for the third quarter ended Dec 31, 2013.
It recorded a revenue of RM391.8 million for the quarter, it said in a filing to
Bursa Malaysia, here today.
Scomi Energy had on July 31, 2013, changed its financial year-end from Dec
31 to March 31.
It said that the comparatives in the notes to the financial statements of the
group and the company, for the period, were not comparable.
The company said, its performance was largely driven by the strong
performance of its oilfield services division, while its marine services division
recorded an increase in revenue, boosted by the commencement of a new bulk
coal carriage contract, during the quarter.
Its Chief Executive Officer, Shah Hakim Zain, said the group's biggest
contributors to its continued top line growth for the quarter, were Indonesia,
Malaysia, Myanmar, Thailand and West Africa.