Transocean Holdings Berhad Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2017
February 27, 2018
Share
Transocean Holdings Berhad announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company's revenue was MYR 6,604,000 compared to MYR 6,147,000 a year ago. Loss from operations was MYR 1,010,000 compared to profit of MYR 376,000 a year ago. Loss before taxation was MYR 1,073,000 compared to profit of MYR 267,000 a year ago. Loss for the period attributable to owners of the parent was MYR 1,292,000 or 3.15 sen per basic share compared to profit of MYR 79,000 or 0.19 sen per basic share a year ago.
For the year, the company's revenue was MYR 25,313,000 compared to MYR 26,257,000 a year ago. Loss from operations was MYR 1,006,000 compared to profit of MYR 1,702,000 a year ago. Loss before taxation was MYR 1,336,000 compared to profit of MYR 1,157,000 a year ago. Loss for the period attributable to owners of the parent was MYR 1,629,000 or 3.97 sen per basic share compared to profit of MYR 837,000 or 2.04 sen per basic share a year ago. Net cash used in operating activities was MYR 1,208,000 compared to MYR 3,617,000 a year ago. Purchase of plant and equipment was MYR 756,000 compared to 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.