Wednesday, 23 December 2015

SGX Stocks Today's News: SapuraKencana Petroleum 3Q16 Profit Go Down With 63 Percent

SGX Stock Update: Due to Falling oil costs keep on impeding SapuraKencana Petroleum's execution, as 3Q16 income declined 62.7 percent to RM129.9 million, on the back of a 19.9 percent ascend in income to RM2.9 billion.

The gathering's outcomes were essentially affected by procurements for debilitation on property, plant and gear and oil and gas properties of RM317.3 million furthermore weighed on by lower benefits from the vitality division as a consequence of a lower normal acknowledged cost per barrel accomplished.

For the nine-month period, turnover expanded 5.4 percent to RM8 billion while primary concern slipped 62.1 percent to RM494.6 million.

Regardless of the difficulties confronting the business, the company's orderbook remained at RM21 billion, and its money position stayed solid, with current money and bank parities of RM2.4 billion. 

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