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Dialog’s Earnings Fall Short, But Cost Overruns Unlikely To Recur

Business Today LogoBusiness Today12h ago

Dialog’s Earnings Fall Short, But Cost Overruns Unlikely To Recur - Business Today

Quick Summary:

DIALOG’s financial results for the nine months ended FY25 fell short of both Kenanga Research’s and consensus expectations, primarily due to a slower-than-anticipated recovery in the margins of its Engineering, Procurement, Construction, and Commissioning (EPCC) division.

The EPCC division has shown initial signs of stabilization, achieving break-even in the current quarter, which alleviates concerns about further cost overruns.

This was largely attributed to a sharper 39% decline in operating expenses, driven by the absence of cost overrun expenses that had been recognized in the previous quarter (as previously guided), and stronger contributions from JVs and associates due to improved spot tank terminal rates.


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Article Details

Author / Journalist: Editor

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-16 @ 01:47:23 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

Article Length: 677 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Today

News ID: 28737479

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