Sapura Energy Lays Groundwork for New Revenue Stream
Wan Mohd Zahidi, Senior Analyst, RHB Research
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Against a challenging backdrop, Sapura Energy returned to the black posting net profit of RM204m in FY17. More earnings upside is seen from the group's first gas development project as well as improving demand in Brazil.
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Tags: Malaysia equities, Sapura Energy, Oil and Gas, crude oil prices, Brazil