Transocean Holdings Bhd. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2013
August 29, 2013 at 01:45 am EDT
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Transocean Holdings Bhd. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2013. For the quarter, the company's revenue was MYR 7,011,000 compared to MYR 10,007,000 a year ago. Profit from operations was MYR 582,000 compared to MYR 814,000 a year ago. Profit before taxation was MYR 307,000 compared to MYR 563,000 a year ago. Profit attributable to owners of the parent was MYR 178,000 or 0.43 sen basic per share compared to MYR 399,000 or 0.97 sen basic per share a year ago.
For the six months, the company's revenue was MYR 13,874,000 compared to MYR 19,354,000 a year ago. Profit from operations was MYR 1,172,000 compared to MYR 1,308,000 a year ago. Profit before taxation was MYR 531,000 compared to MYR 790,000 a year ago. Profit attributable to owners of the parent was MYR 294,000 or 0.72 sen basic per share compared to MYR 561,000 or 1.37 sen basic per share a year ago. Net cash used in operating activities was MYR 1,565,000 compared to MYR 397,000 a year ago. Purchase of plant and equipment was MYR 166,000 compared to MYR 194,000 against MYR 144,000 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.