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February 10, 2016 8:02 PM ET

Construction and Engineering

Company Overview of Eversendai Corporation Berhad

Company Overview

Eversendai Corporation Berhad, an investment holding company, provides specialist engineering and construction services. It operates through Structural Steel and Plant Construction, and Oil & Gas segments. The company is involved in the structural steel design, engineering, supply, and fabrication; structural steel erection services for high rise buildings, shopping malls/retail centers, stadiums, airports, long span roof structures, industrial, power, and petrochemical plants, as well as factories, warehouses, and bridges; and installation of mechanical equipment for power plants. It also provides engineering, procurement, fabrication, and construction services for the oil and gas industry;...

Lot 19956

Jalan Industri 3/6

Rawang Intergrated Industrial Park

Rawang,  48000

Malaysia

Founded in 1982

10,000 Employees

Phone:

60 3 6091 2575

Fax:

60 3 6091 2577

Key Executives for Eversendai Corporation Berhad

Eversendai Corporation Berhad does not have any Key Executives recorded.

Eversendai Corporation Berhad Key Developments

Eversendai Corp. Bhd Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Eversendai Corp. Bhd announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company's revenue was MYR 471,477,000 compared to MYR 241,033,000 a year ago. Operating profit was MYR 31,893,000 compared to MYR 11,068,000 a year ago. Profit before tax was MYR 19,052,000 compared to MYR 3,955,000 a year ago, which was mainly due to higher value of contract executions. Profit for the period was MYR 17,207,000 compared to MYR 2,866,000 a year ago. Profit for the period attributable to - Equity holders of the company was MYR 14,581,000 compared to MYR 2,908,000 a year ago, mainly driven by its operations in Middle East. Earnings per share attributable to equity holders of the company - basic/diluted was 1.88 sen compared to 0.38 sen a year ago. For the nine months, the company's revenue was MYR 1,299,483,000 compared to MYR 694,298,000 a year ago. Operating profit was MYR 78,860,000 compared to MYR 34,024,000 a year ago. Profit before tax was MYR 55,437,000 compared to MYR 23,025,000 a year ago, which was mainly due to higher value of contract executions. Profit for the period was MYR 51,755,000 compared to MYR 19,997,000 a year ago. Profit for the period attributable to - Equity holders of the company was MYR 48,078,000 compared to MYR 21,199,000 a year ago. Earnings per share attributable to equity holders of the company - basic/diluted was 6.21 sen compared to 2.74 sen a year ago. Net cash flows used in operating activities was MYR 436,181,000 compared to net cash generated from operating activities of MYR 93,590,000 a year ago. Purchase of property, plant and equipment was MYR 126,435,000 compared to MYR 44,133,000 a year ago.

Eversendai Corporation Bhd and Subsidiaries Wins MYR 316 Million Overseas Contracts

Eversendai Corporation Bhd has secured a string of new contracts worth MYR 316 million via its subsidiaries in Qatar, India and Malaysia. Eversendai announced that the first contract entailed the construction of a structural steel roof of a theme park at the Doha Oasis Mixed-Use Development, Qatar. The theme park would occupy the central area of a podium and could accommodate 26 or more different rides and attractions. Eversendai also secured a contract to build the structural steel works of the iconic 182-meter tall statue in Gujarat, India, which is expected to be completed by July 2017. Eversendai secured three contracts for two separate packages at the Petronas Refinery and Petrochemicals Integrated Development (RAPID) project in Pengerang, Johor. The first contract consists of the fabrication and supply of structural steel for a refinery package, which is expected to be completed by September next year. The other two contracts are for a Steam Cracker Complex and works are scheduled to completed in December next year and August 2018, respectively. The company has also been appointed as the main contractor for the construction of a hand glove manufacturing factory in Klang and works are expected to be completed by July next year.

Eversendai Corporation Berhad Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Eversendai Corporation Berhad reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's revenue was MYR 425,229,000 against MYR 222,544,000 a year ago. Profit before tax was MYR 15,205,000 against MYR 7,762,000 a year ago. Profit attributable to ordinary equity holders of the parent was MYR 14,101,000 or MYR 1.82 per basic share against MYR 7,300,000 or MYR 0.92 per basic share a year ago. For the six months, the company's revenue was MYR 828,006,000 against MYR 453,265,000 a year ago. The group recorded a total revenue of MYR 828.0 million, which is significantly higher by 82.7% when compared to last year's revenue of MYR 453.3 million. Of the total revenue, 67% was contributed by operations in the Middle East and Commonwealth of Independent States (CIS) region, 22% by businesses in Malaysia and the remaining 11% by businesses in India. Profit before tax was MYR 36,385,000 against MYR 19,070,000 a year ago. Profit attributable to ordinary equity holders of the parent was MYR 33,497,000 or MYR 4.33 per basic share against MYR 18,291,000 or MYR 2.36 per basic share a year ago.

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