SAPCRES ... Jan10

SAPURACREST PETROLEUM 3QE OCT 2009 NET PROFIT HIGHER BY 44%
SAPURACREST PETROLEUM posted Net Profit of RM53.4m for 3QE Oct 2009, up 44.7% from RM36.9m same quarter a year ago due to a turnaround in the Installation of Pipeline and Facilities (IPF) Division and the drilling unit.

The Company in its EXCHANGE filing Dec 29, 2009 said that Revenue was marginally lower at RM1.02 bil compared with RM1.04 bil. EPS was 4.22 sen compared with 3.14 sen.

" .... Overall the Group's PBT increased by 29.2% from RM89.5m to RM115.5m mainly due to a significant turnaround of the IPF JV, SAPURAACERGY sb, and higher dayrates for the Drilling Division despite weaker performance from the Marine Services Division, particularly in the offshore soil investigation and survey activities ...." said the Company.

9ME OCT 2009 REVENUE ROSE BY 5%
For 9ME Oct 2009, Revenue increased by 5.3% from RM2.63 bil for same period last year to RM2.77 bil for the current period. The Group's PBT for the nine months increased by 39.2% from RM209.4m to RM291.5m.