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Nikkei Markets

Sapura Energy's net loss widens, warns of challenging times

Analysts expect thin margins on current orders blur quicker turnaround prospects

Sapura Energy, the Malaysian oil and gas services firm, said Thursday that it faces challenging times after its net loss for the fiscal third quarter widened mainly due to higher operating expenses.

KUALA LUMPUR (Nikkei Markets) -- Malaysian oil and gas services firm Sapura Energy on Thursday warned of challenging times for the industry after its net loss for the fiscal third quarter sharply widened from a year earlier mainly due to higher operating expenses.

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