Reservoir Link Energy Bhd Q1 revenue surged to RM67.7 million translating to a year-on-year increase of 63.4%, the highest recorded for the group while profit before tax and profit after tax also experienced compelling growth of 48.2% and 51.4% respectively, at RM3.8 million and RM2.5 million.
The overall favourable set of results coincides with the improved contributions from both the renewable energy as well as the oil and gas segment.
Reservoir Link Executive Deputy Chairman Thien Chiet Chai said, “Following a new financial year, we are pleased to kick off by reporting yet another record quarter. In response to the ever-changing energy landscape, we see the importance in staying ahead through embracing innovative and sustainable solutions which culminated in our strategic approach to better diversify our business exploring various alternative energy sources as well as venturing into becoming an asset owner. With that in mind, we remain optimistic towards what the future holds for Reservoir Link following the nation’s aim to significantly reduce its carbon footprint, providing us with ample opportunities to grow as more initiatives will need to be introduced in order to keep up with the current pace of the renewable energy adoption.”
