Dialog Group Berhad announced unaudited consolidated earnings results for the first quarter ended September 30, 2018. For the first quarter, the company announced sales was MYR 690.892 million compared to MYR 778.656 million a year ago. Profit before tax was MYR 138.585 million compared to MYR 186.356 million a year ago. Profit for the period attributable to owners of the parent was MYR 114.643 million compared to MYR 160.925 million a year ago. Basic and diluted earnings per share was MYR 0.0203 compared to MYR 0.0286 a year ago. The revenue from the Malaysian operations for the current reporting quarter declined by 17% primarily due to reduced downstream activities, in particular the engineering, construction and fabrication works from various projects. The lower revenue from these activities were, however, partially offset by revenue from Langsat Terminals as they became subsidiaries in September 2017. The revenue from upstream activities was also higher following the increase in oil prices in the current quarter. Despite the drop in revenue, the net profit after tax from the Malaysian operations was higher by 22% when compared to the corresponding quarter last year. This was mainly attributable to the increased contributions from terminal and upstream activities, and cost savings realised from various completed projects during the financial quarter under review.

The company provided earnings guidance for the financial year ending June 30, 2019. Barring any unforeseen circumstances, the Group is confident that its performance will remain strong for the financial year ending 30 June 2019.