Dialog Q2 revenue rises to RM856.78mil - The Star
|DIALOG`s Q1 Net Profit Surges Up 35 Pct |
15 Feb, 2017
Source: The Star
Dialog Q2 revenue rises to RM856.78mil
PETALING JAYA: Dialog Group Bhd registered a 34% higher revenue year-on-year (y-o-y) to RM856.78mil in its second quarter ended Dec 31,2016, mainly attributed to its joint venture in the Pengerang Independent Terminals.
Dialog's net profit for the quarter rose by about 17% to RM91.36mil from RM78mil.
In a filing with Bursa Malaysia, the company said its various ongoing projects such as the Pengerang Deepwater Terminal Phase 2, Jetty topside works for Samsung in Pengerang and the construction of a plasticiser plant for UPC Chemicals in Kuantan were instrumental in generating higher revenue contributions.
However, the oil and gas services firm said the higher revenue from these projects was partially offset by lower sales in specialist, products and services.
Moving forward, Dialog has expressed its optimism in delivering a positive financial performance for its financial year ending June 30, 2017.