The company posted a loss of 791 million ringgit ($196.49 million) in the year to the end of January as against a profit a year earlier of 1.43 billion ringgit.

Revenues rose slightly from 9.94 billion ringgit to 10.18 billion ringgit.

The energy division ran up an operating loss of 1.45 billion ringgit on weak oil prices and resulting impairments. However, the services division (which includes the drilling and engineering & construction wings) posted an operating profit of 1.16