Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Newfield Exploration Co.    NFX   US6512901082

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

Newfield Exploration : SapuraKencana's Q1 net rises fivefold

06/19/2014 | 10:24pm US/Eastern
Recommend:
0

KUALA LUMPUR: Oil and gas services company SapuraKencana Petroleum Bhd's net profit rose fivefold to more than RM500 million in the first quarter, fuelled by contributions from its newly- acquired tender rig business from Norway's Seadrill and assets from United States' firm Newfield Exploration.

Group net profit stood at RM509.42 million in the three months to April 30 2014, up from RM93.67 million in the same period a year earlier, SapuraKencana said in a filing to Bursa Malaysia yesterday.

Group revenue nearly doubled to RM2.44 billion from RM1.62 billion a year ago.

SapuraKencana expects earnings to rise for the full year on the back of full contributions from the tender rig business. Additional contributions will also come from the Malaysian oil and gas fields it took over from Newfield, a deal that it completed on February 11 this year.

SapuraKencana has a healthy order book of RM27 billion that will keep it busy until 2024.

A 1.35 sen interim dividend and a special dividend of one sen have been declared.

In another filing to Bursa, SapuraKencana said it had won USD415 million (RM1.3 billion) in engineering, procurement, construction, installation and commissioning contracts in Malaysia and Thailand.

Its wholly-owned unit in Malaysia secured the two contracts from Hess Exploration and Production Malaysia B.V. and Carigali-PTTEPI Operating Co Sdn Bhd.

Its shares rose 5 sen to RM4.33 at the close of trading yesterday.

(c) 2014 ProQuest Information and Learning Company; All Rights Reserved.

Recommend :
0
React to this article
Latest news on NEWFIELD EXPLORATION CO.
1d ago NEWFIELD EXPLORATION : DE/ : Regulation FD Disclosure (form 8-K)
09/11 NEWFIELD EXPLORATION : Fleet Expansion, Upcoming Events, Market Activity, and Co..
09/08 S&P 500 MOVERS : Nfx, yhoo
09/05 NEWFIELD EXPLORATION : Coverage of Oil and Gas Exploration and Production Equiti..
09/02 NEWFIELD EXPLORATION : DE/ : Regulation FD Disclosure, Financial Statements and ..
08/29 NEWFIELD EXPLORATION : DE/ : Change in Directors or Principal Officers, Financia..
08/27 NEWFIELD EXPLORATION : to Participate at Upcoming Events
08/23 NEWFIELD EXPLORATION : to Present at Upcoming Events
08/06 NEWFIELD EXPLORATION : Signs Agreement to Sell its Granite Wash Assets for $588 ..
07/31 NEWFIELD EXPLORATION : DE/ : Results of Operations and Financial Condition, Regu..
Advertisement
Chart
Duration : Period :
Newfield Exploration Co. Technical Analysis Chart | NFX | US6512901082 | 4-Traders
Income Statement Evolution
Newfield Exploration Co. : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF