Sapura Energy Berhad and its subsidiaries today announced financial results for the third quarter ended 31 July 2023 (Q3 FY2024), extending the positive performance shown since the beginning of the financial year.

Sapura Energy Berhad has received written confirmation from the Corporate Debt Restructuring Committee (CDRC) that at least seventy-five percent (75%) of the financiers of its approximately RM 10.3 billion in Multi-Currency Financing Facilities (MCF Financiers) have provided the requisite approval-in-principle for a proposed debt restructuring scheme (PRS).

Sapura Energy Berhad and its group of companies today announced its financial results for the second quarter ended 31 July 2023 (Q2 FY2024), recording profit after tax and minority interests (PATAMI) of RM43 million, on the back of earnings before interest, taxes, depreciation, and amortisation (EBITDA) of RM209 million, and revenue of RM1.14 billion.

Sapura Energy Berhad and its group of companies recorded positive financial results in the first quarter of financial year 2024 (Q1 FY2024), posting Group profit after tax and minority interests (PATAMI) of RM146 million, a 58 percent increase from the RM92 million it posted in the first quarter of financial year 2023 (Q1 FY2023).

Sapura Energy Berhad wishes to announce that it has been granted a time extension of up to 30 November 2023, to submit its Practice Note 17 regularisation plan to the relevant regulatory authorities.

Sapura Energy Berhad and its group of companies are pleased to announce that its Engineering and Construction, Drilling, and Operations & Maintenance business segments, through its wholly-owned subsidiaries, have secured 10 contract wins across the Asia Pacific and Atlantic regions between December 2022 to May 2023.

Sapura Energy Berhad wishes to announce that on 6th June 2023 the High Court of Malaya granted Sapura Energy and 22 of its wholly owned subsidiaries an extension period of nine months for the Convening and Restraining Orders granted in their favour, from 11 June 2023 to 10 March 2024. The Orders, which had initially been granted by the Court on 8 March 2023 pursuant to Sections 366 and 368 of the Companies Act, were set to expire on 11 June 2023.

Sapura Energy Berhad is pleased to announce the appointment of two new board members, Wan Mashitah Binti Wan Abdullah Sani and Datuk Nur Iskandar Bin A Samad, as Independent Non-Executive Directors, effective 26 May 2023. Both directors are seasoned energy industry professionals, and their leadership experience will be invaluable to Sapura Energy as it executes its Reset plans and looks to grow in the future.

Sapura Energy Berhad and its subsidiaries today announced unaudited preliminary full year results for the financial year ended 31 January 2023, showing noteworthy progress in efforts to regain operational stability.

Sapura Energy Berhad and 22 of its wholly owned subsidiaries obtained new orders from the Court today, pursuant to sections 366 and 368 of the Companies Act 2016, to summon meetings of each of their respective scheme creditors and to restrain legal actions or proceedings from being commenced or continued against any of the Entities for a period of 3 months, commencing from 11 March 2023.