Transocean Holdings Bhd. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
November 25, 2014 at 03:05 am EST
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Transocean Holdings Bhd. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of MYR 4,989,000 compared to MYR 7,072,000 a year ago. Profit from operations was MYR 162,000 compared to MYR 355,000 a year ago. Loss before taxation was MYR 70,000 compared to profit before taxation of MYR 28,000 a year ago. Loss for the period attributable to owners of the parent company was MYR 70,000 compared to profit for the period attributable to owners of the parent company of MYR 28,000 a year ago. Basic loss per share was 0.17 sen compared to basic earnings per share of 0.07 sen a year ago.
For the nine months, the company reported revenue of MYR 15,961,000 compared to MYR 20,946,000 a year ago. Profit from operations was MYR 681,000 compared to MYR 1,527,000 a year ago. Profit before taxation was MYR 44,000 compared to MYR 559,000 a year ago. Profit for the period attributable to owners of the parent company was MYR 8,000 compared to MYR 322,000 a year ago. Basic EPS was 0.02 sen compared to 0.78 sen a year ago. Net cash generated from operating activities was MYR 2,039,000 compared to MYR 1,363,000 a year ago. Purchase of plant and equipment was MYR 1,309,000 compared to MYR 2,238,000 a year ago. Net assets per share attributable to owners of the parent at the end of the period were MYR 0.77.
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.