Transocean Holdings Bhd. Announces Audited Group and Company Earnings Results for the Seven Months Period from June 1, 2011 to December 31, 2011
May 30, 2012
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Transocean Holdings Bhd. announced audited group and company earnings results for the seven months period from June 1, 2011 to December 31, 2011. For the period, on group basis, the company reported revenue of MYR 18,971,286, profit before taxation was MYR 882,427 and net profit for the financial period attributable to owners of the company was MYR 511,580 or 1.25 sen basic per share. Net cash generated from operating activities was MYR 548,674 and purchase of property, plant and equipment was MYR 167,846. Profit before taxation was MYR 0.877 million
For the period, on company basis, the company reported revenue of MYR 442,700, loss before taxation was MYR 620,685 and net profit for the financial period attributable to owners of the company was MYR 464,318. Net cash generated from operating activities was MYR 605,592.
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.