Despite the gloomy global economic outlook, integrated oil and gas services specialist company, DIALOG GROUP BHD [], is optimistic of remaining bullish next year, bolstered by its recurring income from tank terminals, maintenance and services.
Executive Chairman Ngau Boon Keat said 80 per cent revenue came from recurring income.
The group posted RM1.2 billion revenue for the financial year ended June 30, 2011, with RM160.1 million after-tax profit.
"The economic situation may not be so good, but we're doing OK. We have major projects in Tanjung Langsat, Pengerang, and in Bintulu. Our business model doesn't depend on building new plants or (making) new investments," he told reporters after the group's AGM and EGM on Thursday.
On overseas operations, which accounted for about 50 per cent of its turnover, Ngau said most of the jobs were specialised services.
"We are in all over the world and will go whereever the client needs us to be," he said.
Executive Chairman Ngau Boon Keat said 80 per cent revenue came from recurring income.
The group posted RM1.2 billion revenue for the financial year ended June 30, 2011, with RM160.1 million after-tax profit.
"The economic situation may not be so good, but we're doing OK. We have major projects in Tanjung Langsat, Pengerang, and in Bintulu. Our business model doesn't depend on building new plants or (making) new investments," he told reporters after the group's AGM and EGM on Thursday.
On overseas operations, which accounted for about 50 per cent of its turnover, Ngau said most of the jobs were specialised services.
"We are in all over the world and will go whereever the client needs us to be," he said.
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