Transocean Holdings Berhad Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 25, 2020
Share
Transocean Holdings Berhad announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was MYR 4.555 million compared to MYR 4.586 million a year ago. Operating income was MYR 110,000 compared to operating loss of MYR 415,000 a year ago. Net income was MYR 91,000 compared to net loss of MYR 470,000 a year ago. Basic earnings per share from continuing operations was MYR 0.0023 compared to basic loss per share from continuing operations of MYR 0.0115 a year ago. For the nine months, sales was MYR 12.338 million compared to MYR 15.718 million a year ago. Operating loss was MYR 418,000 compared to MYR 658,000 a year ago. Net loss was MYR 487,000 compared to MYR 844,000 a year ago. Basic loss per share from continuing operations was MYR 0.0119 compared to MYR 0.0206 a year ago.
Arka Bhd, formerly 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. Its business segments include Logistic solutions, Tire 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 Tire products segment is engaged in the manufacturing and trading of tires. The Investment holdings segment is engaged in investment holding, provision of management services and letting of properties. It is also involved in providing cloud services and edge computing solution. Its subsidiaries include Transocean (M) Sdn. Bhd. and Usmeta Manufacturing Sdn. Bhd.