Transocean Holdings Bhd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013
February 28, 2014 at 12:31 am EST
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Transocean Holdings Bhd. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, revenue was MYR 7,026,000 against MYR 7,775,000 a year ago. Operating profit before depreciation and finance cost was MYR 495,000 against MYR 688,000 a year ago. Loss from operations was MYR 984,000 against profit from operations of MYR 568,000 a year ago. Loss before taxation was MYR 1,311,000 against profit before taxation of MYR 247,000 a year ago. Loss for the period attributable to owners of the parent was MYR 871,000 or 0.02 sen per basic share against profit for the period attributable to owners of the parent of MYR 229,000 or 0.06 sen per basic share a year ago.
For the full year, revenue was MYR 27,972,000 against MYR 36,054,000 a year ago. Operating profit before depreciation and finance cost was MYR 2,995,000 against MYR 3,086,000 a year ago. Loss from operations was MYR 542,000 against profit from operations of MYR 2,194,000 a year ago. Loss before taxation was MYR 753,000 against profit before taxation of MYR 1,119,000 a year ago. Loss for the period attributable to owners of the parent was MYR 532,000 or 0.01 sen per basic share against profit for the period attributable to owners of the parent of MYR 851,000 or 2.15 sen per basic share a year ago. Net cash generated from operating activities was MYR 2,356,000 against MYR 1,892,000 a year ago. Purchase of plant and equipment was MYR 2,376,000 against MYR 1,001,000 a year ago. At the end of the period, net assets per share attributable to owners of the parent was 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.