March 30, 2017 11:22 AM 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 two segments, Structural Steel and Construction, and Oil & Gas. The company is involved in the structural steel design, engineering, supply, and fabrication activities; and provision of 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. It also engages in the installation of mechanical equipment; pressure parts; and piping, ducting, cladding, and control systems for power and p...

Menara Mudajaya

Level 5

12A, Jalan PJU 7/3

Mutiara Damansara

Petaling Jaya,  47810

Malaysia

Founded in 1982

15,000 Employees

Phone:

60 3 7733 3300

Fax:

60 3 7733 3351

Key Executives for Eversendai Corporation Berhad

Eversendai Corporation Berhad does not have any Key Executives recorded.

Eversendai Corporation Berhad Key Developments

Eversendai Corp Bhd Eyes Fabrication Project in UK

Eversendai Corp. Bhd is eyeing a fabrication project in the United Kingdom in its quest to further expand its businesses abroad. The group planned to expand its business in the UK as it had the potential for the setting up of fabrication facilities. Meanwhile, Eversendai has to date secured eight projects worth MYR 801.4 million for this year, of which MYR 117.4 million is from the oil and gas sector, bringing its order book to approximately MYR 3 billion.

Eversendai Corporation Berhad Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016

Eversendai Corporation Berhad reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported revenue of MYR 340,973,000 against MYR 489,321,000 a year ago. Operating loss was MYR 198,284,000 against profit of MYR 32,113,000 a year ago. Loss before tax was MYR 192,198,000 against profit of MYR 12,469,000 a year ago. Loss attributable to equity holders of the company was MYR 193,075,000 or 24.95 sen per basic and diluted share compared to profit of MYR 7,287,000 or 0.94 sen per basic and diluted share a year ago. For the year, the company reported revenue of MYR 1,574,610,000 against MYR 1,788,804,000 a year ago. Operating loss was MYR 121,631,000 against profit of MYR 111,264,000 a year ago. Loss before tax was MYR 248,026,000 against profit of MYR 67,906,000 a year ago. Loss for the period attributable to equity holders of the company was MYR 257,503,000 or 33.27 sen per basic and diluted share against profit of MYR 55,365,000 or 7.15 sen per basic and diluted share a year ago. Net cash flows used in operating activities was MYR 86,825,000 against MYR 215,993,000 a year ago. Purchase of property, plant and equipment were MYR 85,057,000 against MYR 166,458,000 a year ago. The losses incurred during the 2016 financial year were mainly due to provisions and impairments on fair value of financial assets, provision of doubtful debts, higher costs resulting from delays in project funding as well as low utilisation of the fabrication facility due to exceptionally slow recovery of the Oil and Gas industry. However, the company, known to make revolutionary business moves, is unperturbed by this and has already drawn plans to turn around the situation in early 2017.

Eversendai Corp. Bhd Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

Eversendai Corp. Bhd announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company's revenue was MYR 371,361,000 compared to MYR 471,477,000 a year ago. Operating profit was MYR 20,990,000 compared to MYR 31,893,000 a year ago. Profit before tax was MYR 9,670,000 compared to MYR 19,052,000 a year ago. Profit for the period was MYR 9,342,000 compared to MYR 17,207,000 a year ago. Profit for the period attributable to - Equity holders of the company was MYR 7,279,000 compared to MYR 14,581,000 a year ago. Earnings per share attributable to equity holders of the company - basic/diluted were 0.94 sen compared to 1.88 sen a year ago. For the nine months, the company's revenue was MYR 1,233,637,000 compared to MYR 1,299,483,000 a year ago. Operating profit was MYR 76,653,000 compared to MYR 78,860,000 a year ago. Loss before tax was MYR 55,828,000 compared to profit before tax of MYR 55,437,000 a year ago. Loss for the period was MYR 59,987,000 compared to profit for the period of MYR 51,755,000 a year ago. Loss for the period attributable to - Equity holders of the company was MYR 64,428,000 compared to profit of MYR 48,078,000 a year ago. Loss per share attributable to equity holders of the company - basic/diluted was 8.33 sen compared to earnings of 6.21 sen a year ago. Net cash flows generated from operating activities was MYR 146,442,000 compared to net cash used in operating activities of MYR 436,181,000 a year ago. Purchase of property, plant and equipment was MYR 54,141,000 compared to MYR 126,435,000 a year ago. Net assets per share attributable to the equity holders of the company was MYR 1.32 compared to MYR 1.45 a year ago.

Recent Private Companies Transactions

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