Sapura Energy Berhad continued to improve its financials for the first quarter ended 30 April 2019 (Q1FY20) on strong revenue growth in core business segments and materialisation of effects from its corporate exercises, namely the rights issue and partnership with OMV.
Read moreSapura Energy Berhad (Sapura Energy) registered a strong start to its financial year with five new contracts valued at approximately RM1.3 billion for its Engineering and Construction as well as Drilling segments. Among the new wins is the Submarine Rescue Service contract for The Royal Australian Navy, which is a first undertaking for the Group. Sapura Energy also marked a new entry into Egypt for works in the Gulf of Suez, along with other wins across Malaysia and Indonesia.
Read moreSapura Energy Berhad (Sapura Energy) posted a profit-after-tax and minority interest of RM208 million for the financial year ended 31 January 2019 (FY19), compared to a loss-after-tax and minority interest of RM2.5 billion in the previous year (FY18). This included a gain of RM2.7 billion from the sale of 50 per cent stake in its Exploration and Production (E&P) business, through the strategic partnership with OMV, and a provision for impairment of RM1.5 billion, primarily for Drilling, and Engineering and Construction (E&C) assets. In addition, the Group has declared a special dividend of 0.5 sen per share.
Read moreSapura Energy Berhad (Sapura Energy) and OMV Aktiengesellschaft (OMV AG) have successfully concluded their strategic partnership agreement on 31st January 2019. This is a key milestone for both companies as we move forward with our aligned vision of creating a leading independent oil and gas company.
Read moreSapura Energy Berhad (Sapura Energy) won Company of the Year for the Energy Services, Offshore and Marine category at the Asia Pacific (APAC) Energy Awards by Energy Council, against strong competition from leading global industry players.
Read moreShareholders of Sapura Energy Berhad (Sapura Energy) overwhelmingly supported the proposed 50:50 strategic partnership with Austria’s OMV Aktiengesellschaft (OMV AG) at the Extraordinary General Meeting today. The 99.98 per cent approval from shareholders today gives certainty to the completion of the transaction.
Read moreSapura Energy Berhad (Sapura Energy) has successfully raised approximately RM4 billion from its rights issue exercise which closed on 16 January 2019. The Group received 8,138,379,841 of valid acceptances and excess applications for its rights shares with warrants, representing a subscription rate of 81.5 per cent. For its Islamic redeemable convertible preference shares (RCPS-i), the Group saw just above 100 per cent of valid acceptances and excess applications.
Read moreSapura Energy Berhad (Sapura Energy) has secured RM760 million in contract wins for its Drilling and Engineering & Construction businesses. The latest achievements have lifted the value of contract wins to RM9.3 billion for its current financial year. The company’s growing order book will see a higher utilisation of its assets as it gears up for long-term growth across its Services segment.
Read moreSapura Energy Berhad (Sapura Energy) registered a profit-before-tax of RM40.3 million for the third quarter ended 31 October 2018 (Q3 FY2019), which is higher by RM250.0 million compared to a loss-before-tax of RM209.7 million in Q3 FY2018. This is the first profit recorded by the Group since Q2 FY2018. The Group’s revenue rose by approximately 17 per cent to RM1.5 billion for the quarter under review from RM1.3 billion in the corresponding quarter of the preceding year, mainly attributed to the higher revenue from its Engineering and Construction (E&C) as well as Exploration and Production (E&P) business segments.
Read moreSapura Energy Berhad (Sapura Energy) and its consortium partner have been awarded a contract valued at approximately RM3 billion by Oil and Natural Gas Corporation (ONGC) in India.
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