EPC provider Dialog says it had a 6% rise in its revenue during the fourth quarter of the 2010-2011 financial year.
Revenues hit RM1.2 billion (€281 million), and the profit after tax was up 28% compared to the same time the financial year before, at RM160 million.
The company says its engineering, construction and plant maintenance services, both locally in Malaysia and overseas performed higher than the 2009-2010 financial year.
Because the company put its Langsat Terminal in Tanjung Langsat into operation recently, with the first phase opening in September 2009 and the second phase in April 2010, this also contributed positively to profits.
The company says it plans to continue to grow its businesses, focussing on its specialist products and services, as well as plant maintenance service; and also has plans to increase its tank terminal and supply base businesses.
For future prospects, the company is currently developing the first phase of its Pengerang Independent Deepwater Terminal which will feature a storage capacity of about 1.3 million m³. Dialog says the project is on schedule and due to be commissioned in 2014. This phase of the project will see storage, blending and distribution services for oil products capable of handling ultra large crude oil carriers constructed.