KUALA LUMPUR (April 19): OGPC Sdn Bhd, which is set to become a subsidiary of Dagang Nexchange Bhd's (DNeX), is looking to grow its top line by 5% to 10% in this financial year ending Dec 31, 2016 (FY16), said OGPC managing director Azman Karim.

"For the last three years, we have clocked in profit after tax in the RM20 million-range," said Azman.

For FY15, the oil and gas services and equipment provider recorded a revenue of RM101 million and net profit of RM22 million. In comparison, DNeX reported audited sales of RM95.55 million and net profit of RM11.23 million for the year.

While the oil and gas industry is having a funk right now with depressed crude oil prices forcing oil giants to cut expenditures, Azman said OGPC mainly does maintenance works which makes it more shielded from the volatility in the industry.

"And we are looking at providing niche services. Last year, we also did a lot of MRO (maintenance, repair, and operations) jobs," he said after a ceremony to commemorate the company's receipt of the Integrated Management System Award from NIOSH Certification Sdn Bhd.

Under the award, OGPC's Integrated Management System has been certified to comply with Quality Management System ISO 9001, Environmental Management System ISO 14001, and Occupational Health and Safety Management System OHSAS 18001, according to a statement.

Most of OGPC's jobs are in Malaysia, serving clients such as Petroliam Nasional Bhd (Petronas) and Tenaga Nasional Bhd. Azman said he hopes that with the certification and expected acquisition by DNeX, OGPC could raise its profile and widen its geographical exposure for growth.

"We are looking at going into the Middle East. There is a lot of work to do, as to be of international standard and understanding different working styles," he said.

In late January, DNeX's shareholders said yes to a proposed rights issue as part of the fund to purchase OGPC and a 52% stake in OGPC O&G Sdn Bhd.