Wednesday, 17 May 2017

Dialog Group's Q3 earnings up nearly 20%

 Dialog Group Bhd's earnings rose 19.6% to RM94.40mil in the third quarter ended March 31, 2017, boosted by higher contributions from its joint ventures particularly the Pengerang Independent Terminals.

It said on Tuesday its revenue rose 42.4% to RM913.60mil from RM641.40mil a year ago. Its earnings per share were 1.74 sen and it declared an interim dividend of 1.2 sen a share.

Dialog Group said its share of joint ventures results in Q3 FY17 increased by 90.7% to RM28.6mil from RM15mil a year ago.

The Malaysia operation remained busy during the current financial quarter with engineering, construction and fabrication activities from various on-going projects such as the Pengerang Deepwater Terminal Phase 2, jetty topside works for Samsung in Pengerang and the construction of plasticiser plant for UPC Chemicals in Kuantan. 

The group’s international operation also recorded higher revenue due to increased engineering and construction activities in Singapore and higher sales in specialist products and services in India, Russia and Middle East. 

“The higher revenue from both Malaysia and international operation resulted in higher earnings from a year ago.

For the nine months, it earnings rose 23% to RM267.10mil from RM217mil in the previous corresponding period. Revenue increased at a stronger pace of 33.4% to RM2.42bil from RM1.82bil

Dialog is an integrated technical services provider to the upstream, midstream and downstream sectors in the oil,gas and petrochemical industry.