Transocean Holdings Bhd. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2013
November 28, 2013 at 03:11 am EST
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Transocean Holdings Bhd. announced unaudited consolidated earnings results for the second quarter and six months ended September 30, 2013. For the quarter, the company reported revenue of MYR 7,072,000 compared to MYR 8,925,000 a year ago. Profit from operations was MYR 355,000 compared to MYR 319,000 a year ago. Profit before taxation was MYR 28,000 compared to MYR 83,000 a year ago. Profit for the period attributable to owners of the parent company was MYR 28,000 compared to MYR 64,000 a year ago. Basic EPS was 0.07 sen compared to 0.16 sen a year ago.
For the six months, the company reported revenue of MYR 20,946,000 compared to MYR 28,279,000 a year ago. Profit from operations was MYR 1,527,000 compared to MYR 1,627,000 a year ago. Profit before taxation was MYR 559,000 compared to MYR 873,000 a year ago. Profit for the period attributable to owners of the parent company was MYR 322,000 compared to MYR 625,000 a year ago. Basic EPS was 0.78 sen compared to 1.52 sen a year ago. Net cash generated from operating activities was MYR 1,363,000 compared to MYR 853,000 a year ago. Purchase of plant and equipment was MYR 2,238,000 compared to MYR 2,115,000 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.