October 23, 2017 1:04 AM ET

Energy Equipment and Services

Company Overview of Miclyn Express Offshore Limited

Company Overview

Miclyn Express Offshore Limited, together with its subsidiaries, owns, charters, and markets offshore support vessels, crew/utility vessels, tugs, barges, and coastal survey vessels primarily in Asia, Australia, and the Middle East. Its Offshore Support Vessels segment provides transportation and various support services for the entire offshore oil and gas cycle. The company’s Crew/Utility Vessels segment transports personnel and supplies to and from oil and gas production platforms. Its Tugs segment engages in the transportation of barges to and from work locations. The company’s Barges segment is involved in the transportation of oilfield equipment, heavy steel structures, raw materials, a...

3 HarbourFront Place

No. 11-01/04 HarbourFront Tower 2

Singapore,  099254

Singapore

Founded in 2005

Key Executives for Miclyn Express Offshore Limited

Chief Executive Officer and Executive Director
Age: 55
Chief Financial Officer
Age: 50
Chief Operating Officer
Age: 46
Executive Director
Age: 63
Head of Group Commercial
Age: 36
Compensation as of Fiscal Year 2017.

Miclyn Express Offshore Limited Key Developments

Miclyn Express Offshore Limited Reports Unaudited Consolidated and Proportionate Earnings Results for the Half Year Ended December 31, 2016; Provides Capex Guidance for the Second Half Year of Fiscal Year 2017

Miclyn Express Offshore Limited reported unaudited consolidated and proportionate earnings results for the half year ended December 31, 2016. For the period, on consolidated basis, the company reported revenue of USD 92.034 million against USD 120.470 million a year ago. Loss before tax was USD 6.712 million against USD 11.287 million a year ago. Net loss attributable to owners of the company was USD 9.449 million against USD 13.538 million a year ago. Net cash generated from operating activities was USD 12.415 million against USD 40.528 million a year ago. Payments for property, plant and equipment was USD 3.258 million against USD 13.935 million a year ago. Net debt was USD 454.6 million. For the period, on proportionate basis, the company reported revenues of USD 98.7 million against USD 131.5 million a year ago. EBITDA was USD 29.4 million against USD 49.7 million a year ago. Operating earnings was USD 29.5 million. EBIT was USD 8.2 million. Loss before tax was USD 6.5 million. Net loss for the period was USD 8.9 million. Net loss after MI was USD 9.4 million against USD 13.6 million a year ago. The company provided Capex guidance for the second half year of fiscal year 2017. For the period, the company reduced maintenance Capex due to timing, expected to increase in second half of fiscal year 2017. Operating cash flows remain stable.

Miclyn Express Offshore Limited Announces Consolidated Earnings Results for the Year Ended June 30, 2016

Miclyn Express Offshore Limited announced consolidated earnings results for the year ended June 30, 2016. For the period revenue was $230,948,000 against $261,788,000 a year ago. Loss before tax was $17,394,000 against profit of $7,837,000 a year ago. Net loss was $21,679,000 against $11,210,000 a year ago. Net cash generated from operating activities was $88,486,000 against $81,370,000 a year ago. Payments for property, plant and equipment was $21,187,000 against $177,493,000 a year ago.

Miclyn Express Offshore Limited Presents at 12th Annual Gulf Ship Finance Forum 2016, Mar-03-2016 12:00 PM

Miclyn Express Offshore Limited Presents at 12th Annual Gulf Ship Finance Forum 2016, Mar-03-2016 12:00 PM. Venue: United Arab Emirates. Speakers: Jaap-Jan Pietersen, Head of Business Unit - Middle East.

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