Transocean Holdings Bhd. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017
August 25, 2017 at 04:45 am EDT
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Transocean Holdings Bhd. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company announced revenue was MYR 6,076,000 compared to MYR 6,755,000 for the same period a year ago. Profit from operations was MYR 246,000 compared to MYR 428,000 for the same period a year ago. Profit before taxation was MYR 156,000 compared to MYR 298,000 for the same period a year ago. Profit for the period attributable to owners of the parent company was MYR 118,000 compared to MYR 258,000 for the same period a year ago. Earnings per share attributable to owners of the parent, basic were 0.14 sen compared to 0.61 sen for the same period a year ago.
For the six months, the company announced revenue was MYR 12,003,000 compared to MYR 13,691,000 for the same period a year ago. Profit from operations was MYR 366,000 compared to MYR 811,000 for the same period a year ago. Profit before taxation was MYR 184,000 compared to MYR 544,000 for the same period a year ago. Profit for the period attributable to owners of the parent company was MYR 146,000 compared to MYR 467,000 for the same period a year ago. Earnings per share attributable to owners of the parent, basic were 0.4 sen compared to 0.77 sen for the same period a year ago. Net cash used in operating activities was MYR 50,000 compared to net cash generated from operating activities of MYR 3,617,000 for the same period 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.