Sona Petroleum expects revenue flow beginning FY2014


KUALA LUMPUR: Sona Petroleum Bhd is optimistic of posting revenue and profit beginning its financial year 2014, from the positive cash flow it would generate from its acquisition of Salamander Energy (Bualuang) Ltd, said managing director Datuk Seri Hadian Hashim. 

"The signing of the sales and purchase agreement for a 66.7% stake in Salamander PLC's wholly-owned subsidiary Salamander Energy is expected no later than June 26. 

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
   

Next In Business News

Ringgit opens lower against US$ as DXY rebounds
FBM KLCI continues to see upside momentum
Trading ideas: IJM, RHB, MR DIY, Haily, Infomina, Radium, Key Asic, TMK, TopVision, KPJ, PetDag, KLCCP, SP Setia, IOI Prop, MPI
Oil falls more than US$2 a barrel on possible Middle East peace deal
Wall St closes higher; small-caps hit record high after Trump nominates Bessent
Chinese electric vehicle brands are spreading to Azerbaijan
Bond market halts run as buyers pounce on 4.5% yields
Murky 2025 for currently strong US dollar
BYD’s hybrid pickup targets Australia’s love of petrol-guzzlers
What changing US AI policy means to S. Korea

Others Also Read