Reservoir Link Energy Bhd Achieved a pre-tax loss of RM4.134 million on the back of a turnover of RM6.476 million for the first quarter ending March 31, 2022, from a pre-tax profit of RM313,000 on the back of a turnover of RM11.883 million previously.
In a Bursa filing, it said that for the current financial quarter ended 31 March 2022, the Group registered revenue of RM6.5 million. The Group revenue decreased by RM5.4 million or 46% as compared to the previous year’s corresponding quarter ended 31 March 2021. The decline in revenue was mainly due to the lower and delayed activities from both oil and gas and renewal energy segments.
With the business environment slowly recovering, the Group will seek opportunities to identify and establish new business prospects to further strengthen the performance of the Group as the market fully recovers and to promote long-term sustainability.
