Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Of the proceeds, RM15 million has been earmarked for the purchase of a new bunker vessel at Tanjung Bruas Port in Melaka, while RM12 million will be used to purchase mainly diesel and marine gas oil to increase inventory levels. PSP Energy will allocate funds for seven new road tankers. The rest has been set aside as working capital and to defray listing expenses.
PSP Energy Bhd is expanding its presence along key maritime routes with a new bunkering hub at Tanjung Bruas Port in Melaka.
Tanjung Bruas Port is strategically located along major shipping routes, and this development positions us well to capture new demand in one of the region’s most active maritime corridors.
The Group recorded a PBT and PBT margin of RM5.6 million and 2.6% respectively in the current financial quarter, mainly deriving from the GP recorded of RM9.5 million and other income recorded of RM3.8 million mainly arising from recovery of previously impaired trade receivables totaling to RM3.1 million.