Sapura's Team Continuing to Win Service Contracts in Challenging Market
Sapura Energy Berhad’s team is continuing to win service contracts for work in Malaysia, India, Australia and the Americas, despite the persisting challenging industry environment, according to the company’s president and group CEO, Tan Sri Dato’ Seri Shahril Shamsuddin.
“Notable wins in our core market include drilling in Brunei and renewal of the Pan-Malaysia T&I [transport and installation] and IRM [inspection repair and maintenance] contracts,” Sapura’s CEO said in a company statement.
“The challenging industry environment is expected to persist in the short term, but the group believes it will remain resilient,” Shamsuddin added.
In its unaudited full year results for the financial year ended January 31, Sapura Energy delivered profit before tax of $87 million (RM385 million).
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