T7 Global returns to the black in Q2

PETALING JAYA: T7 Global Bhd swung to the black registering a net profit of RM1.62 million against a net loss of RM1.5 million in the previous corresponding period, underpinned by the origins and construction work request contract secured from Petronas.
Its revenue also jumped 69.6% to RM57.33 million from RM33.8 million.
For the first half of the year, T7 Global posted a net profit of RM3.55 million versus a net loss of RM1.24 million, while revenue leaped 77.1% to RM112.82 million from RM63.69 million.
Despite the challenges in the oil and gas industry, the group said it will continue to focus on the sector while looking for new potential growth ventures.
At the noon break, the stock gained half a sen or 1.1% to 46.5 sen on 306,500 shares done.