Icon Offshore Berhad, an investment holding company, provides offshore support vessels to oil and gas related industries primarily in Malaysia. The company owns and leases utility vessels, anchor handling tug vessels, anchor handling tug supply vessels, straight supply vessels, platform support vessel, and accommodation work barge vessels. Its fleet offers logistical support services for various stages of offshore oil and gas life cycle, including exploration and appraisal, field development, operation and maintenance, and decommissioning. The company also provides a range of services, such as seismic survey, drilling operations support, towing, anchor handling and mooring of barges, constru...
East Wing, The Icon
No. 1, Jalan 1/68F
Off Jalan Tun Razak
Kuala Lumpur, 55000
Founded in 1994
Icon Offshore Berhad Announces Earnings Results for the First Quarter Ended March 31, 2015
May 27 15
Icon Offshore Berhad announced earnings results for the first quarter ended March 31, 2015. For the quarter, company's pre-tax profit fell to MYR 2.74 million from MYR 19.7 million in the same quarter last year. Revenue declined to MYR 63.59 million from MYR 80.07 million previously, due to lower fleet utilisation rate.
Icon Offshore Berhad Announces Audited Group and Company Earnings Results for the Full Year Ended December 31, 2014
May 11 15
Icon Offshore Berhad announced audited group and company earnings results for the full year ended December 31, 2014. For the year, on group basis, the company reported revenue of MYR 318,877,129 against MYR 334,863,365 a year ago. Profit from operations was MYR 106,502,279 against MYR 75,063,211 a year ago. Profit before taxation was MYR 56,400,457 against MYR 17,554,841 a year ago. Profit attributable to equity holders of the company was MYR 59,354,139 or 7.4 sen per diluted share against MYR 113,601,064 or 13.0 sen per diluted share a year ago. Net cash generated from operating activities was MYR 166,091,954 against MYR 192,453,196 a year ago. Purchase of property, plant and equipment was MYR 246,982,079 against MYR 274,637,416 a year ago. As at December 31, 2014, the company's net debt of MYR 593,665,169 compared to MYR 1,055,949,181 a year ago.
For the year, on company basis, the company reported loss from operations of MYR 15,661,275 against profit of MYR 563,113 a year ago. Loss before taxation was MYR 22,366,498 against MYR 12,857,051 a year ago. Loss attributable to equity holders of the company was MYR 22,376,498 against MYR 12,857,051 a year ago. Net cash used in operating activities was MYR 4,087,911. As at December 31, 2014, the company's net debt of MYR 34,193,057 compared to MYR 235,599,998 a year ago.