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July 05, 2015 3:33 PM ET

Energy Equipment and Services

Company Overview of Icon Offshore Berhad

Company Overview

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

Level 12A

No. 1, Jalan 1/68F

Off Jalan Tun Razak

Kuala Lumpur,  55000

Malaysia

Founded in 1994

Phone:

60 3 2180 6300

Fax:

60 3 2165 1085

Key Executives for Icon Offshore Berhad

Icon Offshore Berhad does not have any Key Executives recorded.

Icon Offshore Berhad Key Developments

Icon Offshore Berhad Announces Cessation of Jamal Bin Yusof as Executive Non-Independent Director

Icon Offshore Berhad announced that the cessation of Dr. Jamal Bin Yusof @ Gordon Duclos as executive non-independent director for the company with effect from May 27, 2015. He opted not to be reelected as a director pursuant to Article 106 of the company's articles of association to focus on personal matters.

Icon Offshore Berhad Announces Earnings Results for the First Quarter Ended March 31, 2015

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

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.

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