KUALA LUMPUR: Dialog Group Bhd’s first quarter (Q1) results has broadly met expectation at 22.9 per cent and 24.9 per cent of revenue and core earnings estimate respectively, said PublicInvest Research. In a research report today, PublicInvest said besides that, the results are also in line with consensus at 22.1 per cent of revenue and 22.9 per cent of core earnings. It said Dialog’s Malaysian operations grew 24.4 per cent mainly from its midstream and downstream activities, in particular engineering and construction (E&C) and plant maintenance from various projects. The higher E&C revenue however was slightly offset by slower upstream activities and lower sales in specialist products and services, it said. The better performance however was curbed by lower E&C activities in Singapore.

Source: New Strait Times November 22, 2017 02:15 UTC