PETALING JAYA: Sapura Energy Bhd
, which is in the spotlight following a proposed RM1.1bil cash injection from the government to repay unpaid vendors, could achieve sustainable profit from financial year 2027 (FY27).
In a report, BIMB Research said this is likely to come with cost savings from its debt restructuring plan and a sustained order book in the drilling, and operations and maintenance (O&M) segments.
“Management guided that its annual interest expense will be lowered by RM450mil afterwards. This is more than our initial loss estimate of RM306mil in FY27.
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