TRANSOCEAN HOLDINGS BHD Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017
November 27, 2017
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TRANSOCEAN HOLDINGS BHD announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenue of MYR 6,667,000 against MYR 6,515,000 a year ago. Loss from operations was MYR 421,000 against profit of MYR 187,000 a year ago. Loss before taxation was MYR 506,000 against profit of MYR 37,000 a year ago. Loss for the period attributable to owners of the parent was MYR 542,000 against MYR 17,000 a year ago. Basic loss per share was 1.32 sen against 0.04 sen a year ago.
For the nine months, the company reported revenue of MYR 18,671,000 against MYR 20,207,000 a year ago. Loss from operations was MYR 33,000 against profit of MYR 998,000 a year ago. Loss before taxation was MYR 300,000 against profit of MYR 581,000 a year ago. Loss for the period attributable to owners of the parent was MYR 374,000 against profit of MYR 449,000 a year ago. Basic loss per share was 0.73 sen against earnings of 1.09 sen a year ago. Net cash used in operating activities was MYR 893,000 against MYR 3,617,000 a year ago. Purchase of plant and equipment was MYR 1,000 against MYR 75,000 a year ago.
Transocean Holdings Bhd. is a Malaysia-based transport and logistics company. The Company provides services in the areas of road transport, air and sea freight, warehousing, logistics and customs and forwarding services. The Company's business segments include Logistic solutions, Tyre products and Investment holdings. The Logistic solutions segment is engaged in the provision of custom brokerage, freight forwarding, trucking, international air, ocean freight services, warehousing and depot services. Its Logistic solutions provides services covering Malaysia, Singapore, Thailand and various other countries. The Tyre products segment is engaged in the manufacturing and trading of tyres. The Investment holdings segment is engaged in investment holding, provision of management services and letting of properties. The Company is also involved in providing cloud services and edge computing solution. Its subsidiaries include Transocean (M) Sdn. Bhd. and Usmeta Manufacturing Sdn. Bhd.