Sapura Energy posts RM293.06m net loss in 3Q due to forex losses

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KUALA LUMPUR, Dec 12 — Sapura Energy Bhd recorded a net loss of RM293.06 million for the third quarter ended October 31,...

Meanwhile, Sapura Energy continues to progress its restructuring plan, which includes efforts to resolve its unsustainable level of debt and amounts owed to trade creditors.

Looking ahead, the group said it will continue to focus on securing opportunities across all its business segments, leveraging on trusted partnerships with clients and peers to navigate challenges related to limited liquidity.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChina

Topics: Results Sapura Energy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-12 @ 18:24:47 (3 days ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 334 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 24415987

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