T7 Global posts net profit of RM2.72mil in 1Q

TheStar Wed, May 25, 2022 01:40pm - 1 year View Original


KUALA LUMPUR: T7 Global Bhd registered a net profit of RM2.72mil in the first quarter ended March 31, 2022, which was 43.71% improved over RM1.89mil in the first quarter a year ago.

The energy solutions provider said revenue increased 18.7% to RM62mil due to higher contribution from its energy division during the quarter.

Earnings per share rose to 0.37 sen from 0.36 sen in 1Q21.

In a statement, the group said its strong performance for the quarter under review was driven by higher execution of works related to the integrated well services and operations and maintenance for its clients such as Petronas Carigali Sdn Bhd, Repsol Oil & Gas Malaysia Bhd and Carigali Hess Operating Company Sdn Bhd.

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