In a filing with Bursa Malaysia, Country View said that the acquisition
PETALING JAYA: Oil trading and bunkering services company Straits Inter Logistics Bhd registered a whopping 50-fold increase in its net profit to RM2.5mil for the financial year ended December 31, 2017, as compared to the previous financial year’s net profit of RM48,000.
According to a Bursa Malaysia filing, the spectacular financial performance was attributed to the group’s diversification of its principal activities into oil bunkering and trading in oil products, which comes as part of Straits’ strategy to establish a sustainable revenue stream.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
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!
