Reservoir Link Receives SC Nod For Main Market Listing

Reservoir Link which is currently listed on the ACE market has received the nod from the Securities Commission to be listed on the Main Market of Bursa Malaysia Securities.

As for its financials, for FPE 2022, the Group’s total revenue decreased by RM5.4 million or 45.5% to RM11.9 million, which was mainly due to the lower and delayed activities from both O&G and renewal energy segments.

The Group’s recorded a LBT of RM4.1 million in FPE 2022, representing a significant decrease of RM4.4 million as compared to a PBT of RM0.3 million in FPE 2021. The decrease was mainly due to lower revenue and the completion of its Mauritania project in October 2021.

The market capitalisation of RLEB is RM107.4 million based on the 5-day volume-weighted average price of its Shares up to and including 31 May 2022 of RM0.37 per Share.

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