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August 28, 2015 8:58 AM ET

Energy Equipment and Services

Company Overview of Perisai Petroleum Teknologi Bhd

Company Overview

Perisai Petroleum Teknologi Bhd., an investment holding company, provides upstream oil and gas services primarily in Malaysia. It operates through Drilling Units, Production Units, Marine Vessels, and Others segments. The company owns a fleet of oil and gas vessels and facilities supporting the exploration, development, and production of offshore oil and gas fields in Malaysia and internationally, as well as provides related operation and maintenance services. Its assets comprises an offshore jack-up drilling rig; offshore support vessels, such as anchor handling tugs, anchor handling tug supply vessels, and crew boats; construction and pipe lay support vessels; a mobile offshore production ...

Plaza Sentral

Suite 3A-17

Level 17, Block 3A

Jalan Stesen Sentral 5

Kuala Lumpur,  50470

Malaysia

Phone:

60 3 2278 1133

Fax:

60 3 2278 1155

Key Executives for Perisai Petroleum Teknologi Bhd

Perisai Petroleum Teknologi Bhd does not have any Key Executives recorded.

Perisai Petroleum Teknologi Bhd Key Developments

Perisai Petroleum Teknologi Bhd Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Perisai Petroleum Teknologi Bhd announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of MYR 53,659,000 against MYR 10,776,000 a year ago. Profit before tax was MYR 5,987,000 against MYR 4,158,000 a year ago. Profit attributable to owners of the company was MYR 1,606,000 or 0.13 sen per basic and diluted share against MYR 961,000 or 0.08 sen per basic and diluted share a year ago. The increase in revenue was mainly due to revenue generated from the jack-up drilling rig, Perisai Pacific 101 (PP 101). The increase in PBT was mainly due to: the commencement of drilling operations in August 2014 with the new build jack-up drilling rig, Perisai Pacific 101 (PP 101); a higher share of contributions from the results of the joint ventures particularly from the Floating, Production, Storage and Offloading unit (FPSO), Perisai Kamelia; and higher foreign exchange gain as reflected in other income and higher finance cost (that is the rig financing cost and MTN interest). For the six months, the company reported revenue of MYR 110,389,000 against MYR 21,646,000 a year ago. Profit before tax was MYR 17,190,000 against MYR 4,211,000 a year ago. Profit attributable to owners of the company was MYR 8,638,000 or 0.72 sen per basic and diluted share against loss of MYR 2,028,000 or 0.18 sen per basic and diluted share a year ago. Net cash used in operating activities was MYR 3,244,000 against net cash generated from operating activities of MYR 21,225,000 a year ago. Purchase of plant and equipment was MYR 1,558,000 against MYR 9,714,000 a year ago. Prepayment of plant and equipment was MYR 9,214,000 against MYR 737,258,000 a year ago. The increase in revenue was mainly due to revenue generated from the jack-up drilling rig, Perisai Pacific 101 (PP 101). The increase in PBT was mainly due to: the commencement of drilling operations in August 2014 with the new build jack-up drilling rig, Perisai Pacific 101 (PP 101); a higher share of contributions from the results of the joint ventures particularly from the Floating, Production, Storage and Offloading unit (FPSO), Perisai Kamelia; a higher share of contributions from the results of associates; and higher foreign exchange gain as reflected in other income and higher finance cost (that is the rig financing cost and MTN interest).

Perisai Petroleum Teknologi Bhd to Report Q2, 2015 Results on Aug 12, 2015

Perisai Petroleum Teknologi Bhd announced that they will report Q2, 2015 results on Aug 12, 2015

Perisai Petroleum Teknologi Bhd, Annual General Meeting, Jun 17, 2015

Perisai Petroleum Teknologi Bhd, Annual General Meeting, Jun 17, 2015., at 10:00 Singapore Standard Time. Location: Mahkota Ballroom II, Hotel Istana Kuala Lumpur City Centre, 73 Jalan Raja Chulan. Agenda: To receive the audited financial statements for the financial year ended 31 December 2014 together with the reports of the directors and auditors thereon; to approve the payment of directors' fees for the financial year ended 31 December 2014; to consider the re-election of directors retiring in accordance with Article 93 of the company's articles of association and being eligible, have offered themselves for re-election; to re-appoint Dato' Anwarrudin Ahamad Osman who retires pursuant to Section 129 of the Companies Act, 1965 and to hold office until the conclusion of the next annual general meeting of the company; to re-appoint Messrs Baker Tilly AC as Auditors of the Company and to authorise the directors to fix their remuneration; and to transact any other business which may properly be transacted at an AGM for which due notice shall have been given.

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