Dialog Q3 net profit increases to RM122.37m

May 16, 2018 | By | Reply More

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KUALA LUMPUR: Dialog Group Bhd’s net profit for the third quarter ended March 31, 2018 jumped 25.1 per cent to RM122.37 million from the previous corresponding quarter’s RM97.82 million.

Revenue for the period, however, declined 5.1 per cent to RM867.37 million from RM913.61 million.

In a filing with Bursa Malaysia today, the group said both its Malaysian and international operations recorded higher profits compared with the same corresponding period in 2017.

“The better performance in Malaysia was contributed by the midstream and downstream activities in particular, from the engineering, construction and plant maintenance services for various projects.

“Additionally, the financial performance for the current quarter included the consolidation of Langsat Terminals since they became subsidiaries in September 2017,” it said.

Moving forward, Dialog Group said it would continue growing recurring income core businesses, especially by expanding its logistics businesses such as storage tank terminals.

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