Scomi Energy posts $6.5m Q3 net profitScomi Energy posts $6.5m Q3 net profit

The group said the results were mainly boosted by its oilfield services division, while the commencement of a new bulk coal carriage contract also raised revenue during the quarter.

Scomi Energy nabbed more than MYR300m worth of new contracts in the third quarter, mainly contracts for the provision of drilling fluids services for an onshore drilling campaign in Thailand and a solids control contract in Indonesia, both of which are for three-year periods. Its current orderbook stands at about MYR5.3bn.

Scomi Energy also separately confirmed in another announcement previous press reports that Standard Chartered Private Equity (PE) had sold its 268.79m shares in the company via a direct deal to Malaysian tycoon Quek Leng Chan.