Transocean Holdings Berhad Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
February 28, 2020 at 07:49 am EST
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Transocean Holdings Berhad announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced sales was MYR 4.030 million compared to MYR 5.287 million a year ago. Operating loss was MYR 4.417 million compared to operating Income of MYR 837,000 a year ago. Net loss was MYR 4.608 million compared to net income of MYR 444,000 a year ago. Basic loss per share from continuing operations was MYR 0.1124 compared to basic earnings per share from continuing operations of MYR 0.0108 a year ago. For the full year, sales was MYR 19.749 million compared to MYR 23.280 million a year ago. Operating loss was MYR 5.208 million compared to operating Income of MYR 823,000 a year ago. Net loss was MYR 5.585 million compared to net income of MYR 54,000 a year ago. Basic loss per share from continuing operations was MYR 0.1362 compared to basic earnings per share from continuing operations of MYR 0.0013 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.
TRANSOCEAN HOLDINGS BHD. 
