Technology and Talent Platform Innovator, Prestariang Bhd yesterday reported its second quarter results (2QFY18) ended 30th June 2018. For the reporting quarter, the Group registered a higher revenue of RM55.9 million compared to RM55.2 million recorded in previous year corresponding quarter. The higher revenue of RM0.7 million or 1% increase was mainly contributed by Concession revenue of Sistem Kawalan Imigresen Nasional (“SKIN”) project.
The revenue was recognised based on the stage of completion at the end of the reporting period. The stage of completion is determined by reference to the proportion of costs incurred for work performed to date over the estimated total costs.
PETRONAS today announced improved earnings for the first half of 2018, driven by the Group’s execution of its continuous business improvement initiatives and groupwide operational excellence as well as coupled with increased commodity prices.
Tan Sri Wan Zulkiflee Wan Ariffin, President and Group CEO PETRONAS says the national petroleum company will endeavour to pursue growth opportunities to ensure PETRONAS’ long-term sustainability.
Destini Berhad (Destini or Group) has been awarded a US$5.2 million (RM21.17 million) contract from Posco Daewoo Corporation (PDC) for the provision of tubular running services (TRS) in Myanmar.
PDC is a Korea-based oil and gas company that first began its offshore gas field project in Myanmar in 2000. After over a decade of exploration and development processes, the field started commercial production in 2013.