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.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

RHB, CGC in LCTF portfolio guarantee deal
Market struggles to find direction
Bidding big on Malaysian art
Inflation rises slightly in October
Singapore playing roulette with casino licensing
Capitalising on future trade tariffs
Allianz quarterly top line climbs 10%
Affin Bank 3Q earnings jump 45%
Lagenda Properties' unit secures contract worth up to RM99.6mil
Icon Offshore secures four key agreements to drive portfolio growth and expansion

Others Also Read