Carimin swings back to profitability in fourth quarter


In a filing with Bursa Malaysia, Carimin said its outlook remained positive given the resumption and continuation of project activities.

PETALING JAYA: Carimin Petroleum Bhd returns to the black, with a net profit of RM2.11mil for the fourth quarter of its financial year ended June 30, 2021 (FY21), compared with a net loss of RM4.45mil in the same period a year ago.

The company attributed the improvement to the finalisation of projects and cost rationalisation. It announced a second interim dividend of 0.50 sen per share.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

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!

Carimin Petroleum , profit , loss , positive , future ,

   

Next In Business News

GDA stands firm on RM11 offer for MAHB despite directors' rejection
Ringgit expected to trade within narrow range next week amid holiday calm
Oil steady as markets weigh Fed rate-cut expectations
Book speaks volumes about Penang food
Can Lotte Chemical Titan weather the challenges?
US market - prudence is golden
Litmus test for China
Boons and banes of the DRG
Navigating tomorrow’s markets today
Will these acquisitions pay off?

Others Also Read