Transocean Holdings Bhd. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2015
February 24, 2016
Share
Transocean Holdings Bhd. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company's revenue was MYR 7.7 million compared with MYR 6.0 million a year ago. Profit from operations was MYR 0.33 million compared with MYR 0.7 million a year ago. Profit before taxation was MYR 0.17 million compared with MYR 0.49 million a year ago. Profit for the period attributable to owners of the parent was MYR 0.07 million or 0.16 sen per basic share compared with MYR 0.2 million or 0.59 sen per basic share a year ago. As on December 31, 2015, the company's net assets per share attributable to owners of the parent was MYR 0.79.
For the year, the company's revenue was MYR 25.6 million compared with MYR 21.99 million a year ago. Profit from operations was MYR 0.93 million compared with MYR 1.4 million a year ago. Profit before taxation was MYR 0.22 million compared with MYR 0.54 million a year ago. Profit for the period attributable to owners of the parent was MYR 0.09 million or 0.22 sen per basic share compared with MYR 0.25 million or 0.61 sen per basic share a year ago. Net cash generated from operating activities was MYR 0.49 million compared with MYR 3.3 million a year ago. Purchase of plant and equipment was MYR 1.7 million compared with MYR 1.4 million 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.