Transocean Holdings Berhad Reports Unaudited Consolidated Earnings Results for the Second Quarter and Year to Date Ended June 30, 2018
August 27, 2018
Share
Transocean Holdings Berhad reported unaudited consolidated earnings results for the second quarter and year to date ended June 30, 2018. For the second quarter, the company reported revenue of MYR 5,957,000 against MYR 6,076,000 a year ago. Loss from operations was MYR 25,000 against profit from operations of MYR 246,000 a year ago. Loss before taxation was MYR 96,000 against profit before taxation of MYR 156,000 a year ago. Loss for the period was MYR 121,000 against profit for the period of MYR 118,000 a year ago. Loss for the period attributable to owners of the parent was MYR 121,000 or 0.28 sen per diluted share against profit for the period attributable to the parent of MYR 118,000 or 0.14 sen per basic share a year ago.
For the year to date, the company reported revenue of MYR 11,832,000 against MYR 12,003,000 a year ago. Loss from operations was MYR 40,000 against profit from operations of MYR 366,000 a year ago. Loss before taxation was MYR 178,000 against profit before taxation of MYR 184,000 a year ago. Loss for the period was MYR 229,000 against profit for the period was MYR 146,000 a year ago. Loss for the period attributable to owners of the parent was MYR 229,000 or 0.64 sen per basic share against profit for the period attributable to owners of the parent of MYR 146,000 or 0.40 sen per basic share a year ago. Net cash generated from operating activities was MYR 1,172,000 against MYR 1,156,000 a year ago. Purchase of plant and equipment was MYR 26,000 against MYR 68,000 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.