PETALING JAYA: Deleum Bhd
will continue focusing on broadening its product lines and establishing a strong regional presence as it continues to explore opportunities across all its segments.
For the third quarter ended Sept 30, 2024, the oil and gas services provider’s net profit more than doubled to RM25.1mil, making it the highest quarterly net profit since its listing on the local stock exchange.
The increase was due to an improved profit margin for the power and machinery segment and the continued positive momentum of the oilfield integrated services segment.
The group registered a higher revenue of RM269.2mil compared to RM241.8mil in the previous year’s corresponding quarter.
The group said its recent award of two maintenance, construction, modification contracts has contributed to its order book, and is expected to enhance the segment’s performance as well as impact its overall financial performance in the coming years.
It noted it expects a weaker fourth quarter, but is confident it will finish the year strong.
