KUALA LUMPUR: Dialog Group Bhd
‘s net profit for the third quarter ended March 31, 2022, slipped to RM133.07 million from RM136.17 million a yr in the past primarily due to greater challenge price.
Revenue was up 46.5 per cent to RM593.43 million from RM405.18mil a yr in the past, contributed by each Malaysian and International operations which noticed elevated enterprise actions.
The oil and gasoline built-in service supplier declared an interim dividend of 1.30 sen versus earlier corresponding interval of 1.20 sen per peculiar share for monetary yr ending June 30, 2022 to be paid on June 28, 2022.
“The greater income reported by the Malaysian operations within the present quarter and monetary yr to date was attributable to elevated actions within the upstream, midstream and downstream oil and gasoline sector,” it mentioned in a inventory trade submitting.
“The upstream actions benefited from the upper oil value and Dialog Terminals Pengerang (5) Sdn Bhd (DTP5) storage tanks which had been commissioned in February 2021 contributed to greater income for the midstream enterprise.”
On the International entrance, the group reported greater income for the present quarter and monetary interval to date with elevated engineering, development and plant service actions in Singapore and better gross sales of specialist services and products in numerous nations.
The group registered decrease earnings per share of two.36 sen for the third quarter versus 2.41 sen beforehand.
As for prospects, the continued COVID-19 pandemic and the Ukraine battle have clouded international financial outlook with indicators of (additional) deterioration, the corporate mentioned.
It will preserve a really prudent strategy to handle danger and take proactive steps to handle the group’s funds.
“Capital expenditure and working bills have been reviewed and price discount measures are ongoing with out jeopardising our operations and repair supply to clients,” the submitting mentioned.
“In the upstream enterprise, the final outlook for the oil market is enhancing after the demand disruption brought on by the COVID-19 pandemic and the warfare in Ukraine.
“We will proceed to construct our data and expertise within the upstream enterprise and actively search for alternatives for our growth and manufacturing providers and belongings, whereas incorporating new applied sciences alongside the best way to assist to handle greenhouse gasoline emissions,” it mentioned.
As for the midstream enterprise, the continued growth of Pengerang Deepwater Terminals into the most important petroleum and petrochemical hub for Asia Pacific area will stay its focus.
The group is assured that its efficiency will stay worthwhile for the monetary yr ending June 30, 2022. – Bernama
