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Sapura Energy's net loss narrows in FY2024

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Sapura Energy,Net Loss,FY2024

Sapura Energy Bhd's net loss for the financial year ended Jan 31, 2024 (FY2024) significantly narrowed to RM508.66 million from RM3.16 billion in FY2023, as a result of lower provision for impairment. The company also made provision for impairment on property, plant, and equipment. Revenue decreased.

Sapura Energy Bhd's net loss for FY2024 narrows to RM508.66 million from RM3.16 billion in FY2023 due to lower provision for impairment. The company did not make provision for impairment on goodwill but made provision for impairment on property, plant, and equipment.

Revenue also decreased.

 

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