MOPU ops lift Perisai net profit


Dateline 2012-08-16:

Perisai Petroleum Teknologi Bhd’s net profit surged more than two-fold to RM23.38mil for its second quarter ended June 30, 2012, compared with RM7.84mil in the previous corresponding quarter.

Revenue rose to RM47.9mil from RM16.9mil previously. However, its net profit was only marginally higher when compared with the preceding quarter’s net profit of RM23.31mil.

In a filing with Bursa Malaysia, the company said the improved performance was mainly due to the revenue and profit contributions from the mobile offshore production unit (Mopu) under Garuda Energy (L) Inc, a wholly-owned subsidiary of Perisai, and the offshore support vessels under the Intan Group, a 51% unit.

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