Scomi Group Bhd posted a revenue of RM184.1 million for the quarter ended 30 December 2017 (Q3 FY2018). This represents an increase of 4.6 % compared to the preceding quarter’s number of RM176.0 million. Its Oilfields and Marine divisions both recorded improved revenue from the previous quarter.
The Oilfields unit recorded a revenue of RM139.0 million due to increased drilling activities in Russia and Malaysia against RM124.5 million in the previous quarter.
The Marine Services division, meanwhile, recorded a revenue of RM33.4 million against RM28.5 million in Q2 FY2018, mainly due to higher tonnage shipment in Indonesia.
However, the Transportation division recorded a much lower revenue of RM11.7 million against RM20.8 million previously due to low level of activities from both the Rail and Commercial Vehicles segments.
The Group recorded a pre-tax loss of RM57.3 million for Q3 FY2018 compared to a loss of RM33.5 million in Q2 FY2018. The bigger loss is mainly attributable to forex losses as RM strengthened and
This was despite improved profitability of both the Oilfields and Marine division.