Transocean Holdings Berhad Announces Audited Consolidated and Parent Company Earnings Results for the Year Ended December 31, 2017
April 29, 2018
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Transocean Holdings Berhad announced audited consolidated and parent company earnings results for the year ended December 31, 2017. For the year, on consolidated basis, the group revenue was MYR 25,181,615 compared to MYR 26,257,499 a year ago. Loss before taxation was MYR 1,654,531 compared to profit of MYR 1,157,174 a year ago. Loss for the period attributable to owners of the parent was MYR 1,662,617 or 4.05 sen per basic share compared to profit of MYR 11,329,000 or 2.07 sen per basic share a year ago. Net cash generated from operating activities was MYR 1,156,661 compared to MYR 3,617,348 a year ago. Purchase of plant and equipment was MYR 68,060 compared to MYR 75,038 a year ago.
For the year, on parent basis, the company's revenue was MYR 1,344,000 compared to MYR 1,352,000 a year ago. Loss before taxation was MYR 1,102,252 compared to MYR 71,718 a year ago. Loss for the period was MYR 1,088,505 compared to MYR 60,256 a year ago. Net cash generated from operating activities was MYR 205,409 compared to net cash used in operating activities of MYR 624,155 a year ago. Purchase of plant and equipment was nil compared to MYR 27,400 a year ago.
Arka Bhd, formerly 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. Its business segments include Logistic solutions, Tire 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 Tire products segment is engaged in the manufacturing and trading of tires. The Investment holdings segment is engaged in investment holding, provision of management services and letting of properties. It is also involved in providing cloud services and edge computing solution. Its subsidiaries include Transocean (M) Sdn. Bhd. and Usmeta Manufacturing Sdn. Bhd.