Sapuracrest

by **ejam77** Tue 29 Mar 2011, 23:07

Sapuracrest post higher pre-tax profit

Sapuracrest Petroleum Bhd's profit before tax for the financial year ended Jan 31, 2011 increased to RM424.062 million from RM363.999 million.

Revenue was lower at RM3.193 billion from RM3.257 billion previously, the company said in a statement today.

It said revenue decreased marginally mainly due to lower activities in the marine services and drilling divisions while the higher pre-tax profit was
mainly due to favourable results in the installation of pipeline and facilities
(IPF) division including higher contribution from IPF joint ventures and reduced losses in the marine services division. -- Bernama

will we get something on Sap cc? tmr?

by **ejam77** Tue 29 Mar 2011, 23:09

don forget kencana guys!...this sap n ken it's my fav bb...hehhheheheh

KUALA LUMPUR: KENCANA PETROLEUM BHD [] has secured a RM216 million contract from Petrofac Malaysia Ltd for the CONSTRUCTION [] of well head platforms for the Cendor oil field off the coast of Terengganu.

Kencana said on Tuesday, March that its unit Kencana HL Sdn Bhd would undertake the engineering, procurement and construction of two units wellhead platforms''for the Cendor Phase 2 Development Project.

It said the contract was a one-off construction contract and expected to be completed within the second quarter of 2012.

Kencana said the contract was expected to contribute positively to its earnings for the financial years ending July 31, 2011 and 2012.

by **sun** Wed 30 Mar 2011, 07:39

Thanks for sharing ejam ...

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