Latest News
SapuraKencana nets RM1.4b
Date: 25.03.2015.

SapuraKencana Petroleum Bhd's full-year net profit rose 31.8 per cent to RM1.43 billion from RM1.09 billion a year ago, led by its drilling and energy services segment.

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SapuraKencana prepares return to syariah list
Date: 16.01.2015.

In a move to prepare its re-entry into the list of syariah-compliant stocks, SapuraKencana Petroleum Bhd has signed a US$2.3bil (RM8.15bil) equivalent Islamic facility agreement, converting a portion of its existing multi-currency loan.

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SapuraKencana names Chow New CFO
Date: 9.01.2015.

SapuraKencana Petroleum Bhd has appointed Chow Mei Mei as its new CFO. Chow Mei Mei will replace Tengku Muhammad Taufik Tengku Kamadjaja Aziz effective 8 January 2015.

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Research houses maintain ‘buy’ on SapuraKencana
Date: 11.12.2014.

Research houses have maintained 'buy' calls on SapuraKencana Petroleum Bhd following its solid net profit of RM1.1 billion for the nine months of financial year ending January 31, 2015. Strong earnings growth driven by acquisitions of tender rigs and energy businesses and higher contributions from the offshore construction segment.

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Wake-up call
Date: 11.12.2014.

The plunging price of crude oil serves as a "wake-up call" for all players and forces them to rethink their business model, said Tan Sri Shahril Shamsuddin of SapuraKencana Petroleum Bhd. SapuraKencana boss says players should rethink business models.

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SapuraKencana's 9-month profit soars
Date: 10.12.2014.

SapuraKencana Petroleum Bhd group's after-tax profit rose to RM1.3 billion in the first nine months of financial year 2015 compared with RM787 million in the corresponding period of financial year 2014 Net profit rose 41.9 percent in the third quarter, on contribution from newly acquired upstream units.

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SapuraKencana Business Resilient
Date: 9.12.2014.

MIDF Investment Research (MIDF Research) believes SapuraKencana Petroleum Bhd's order book is robust enough to withstand short-term shocks as about 70 per cent of the group's orders are from domestic oil companies and 18 per cent from international players. Group can withstand short-term stocks as most of its jobs are local.

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