Sapura Energy

1 day agoKUALA LUMPUR March 21 Sapura Energy Bhds SEB wholly owned subsidiaries Sapura Fabrication Sdn Bhd SFSB Sapura Offshore Sdn Bhd and Sapura Project Services Sdn Bhd SPSSB were served with winding-up petitions and affidavit verifying petitions. 1 day agoSapura Energy Bhd emerged as one of the top-actively traded counters on the local bourse on Monday March 21 after the financially troubled oil and gas OG service provider reported its biggest losses yet in its fourth quarter ended.

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Sapura Energy Bhd may not be able to turn around its operations in the near-to-medium term after reporting financial results which once again came in below market expectations.

. In the last 10 quarters it managed to muster only three quarters of profits and for its second quarter ended. Sapura Energy Bhd said three more of its subsidiaries have been served with winding-up petitions on March 7 and 9 due to non-payment of outstanding sumsIn a filing with the bourse it said Sapura Fabrication Sdn Bhd SFSB was served with a winding-up petition taken out by Posh Subsea Pte Ltd due to the former being unable to pay according to a payment plan for US3. 2 days agoSapura Energy pic PETALING JAYA.

KUALA LUMPUR March 17. On 10 March 2022 The High Court of Malaysia granted Sapura Energy Berhad Sapura Energy or the Group and 22 subsidiaries collectively the Applicants two orders under Section 366 and Section 368 of the companies act to help restructure its debts and settle outstanding payments. Get the latest Sapura Energy Bhd SAPNRG real-time quote historical performance charts and other financial information to help you make more informed trading and investment decisions.

Sapura Energy Berhad today announced its unaudited preliminary full year results for the financial year ended 31 January 2022 FY2022 posting a loss after taxation and minority interests LATAMI of RM89 billion. SAPURA Energy Bhd is arguably the biggest Malaysian casualty of the meltdown in oil prices more than five years agoDespite oil prices having gained more than 60 year to date and Brent Crude breaching the US85 per barrel band in late October the company has not been faring well. Najib Razak has urged the government to protect Sapura Energy Bhd from bankruptcy by providing loans or instructing Petronas or Khazanah Nasional to take over.

In a filing with Bursa Malaysia today SEB said that SFSB was serve with the winding-up. 20 hours agoSapura Energy last week revealed it had made an 89 billion ringgit net loss for its 2021 financial year reportedly the largest-ever loss for any Malaysian government-link company. The Group recorded an operating loss of RM22 billion on the back of RM41 billion revenue.

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