Sapura Energy’s 4Q result boosted by OMV deal

Malaysian company Sapura Energy has turned to profit in the fourth quarter ended January 31 (fiscal year 2019), with the result boosted by a recent sale of a stake in E&P business to Austrian OMV.

Sapura Energy, a company which has three lines of business – Exploration and Production, Drilling, and Engineering & Construction – said its fourth-quarter (Q4 FY19) profit was 500 million Malaysian ringgits or 122 million U.S. dollars.

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