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May 05, 2015 8:29 PM ET

Energy Equipment and Services

Company Overview of Carimin Sdn. Bhd.

Company Overview

Carimin Sdn. Bhd. provides professional technical and non-technical personnel services in Malaysia. It also offers quality assurance and integrated inspection, engineering consultancy and technical support, project management, and geophysical services. The company is headquartered in Kuala Lumpur, Malaysia. Carimin Sdn. Bhd. is a subsidiary of Carimin Petroleum Berhad.

B-1-6 Megan Avenue 1

189, Jalan Tun Razak

Kuala Lumpur,  50400



60 3 2168 7000


60 3 2164 2199

Key Executives for Carimin Sdn. Bhd.

Carimin Sdn. Bhd. does not have any Key Executives recorded.

Carimin Sdn. Bhd. Key Developments

CARIMIN Enters into a Collaborative Agreement with Makamin Offshore Saudi Ltd Co and Petro Allied International DMCEST

Carimin Petroleum Bhd has entered into collaboration agreements (COAs) with Makamin Offshore Saudi Ltd. Co and Petro Allied International DMCEST to explore opportunities in Saudi Arabia, the Middle East, Southeast Asia and Australia. Under the COAs, Carimin would provide its expertise in hook-up and commissioning (HUC) services; topside major maintenance (TMM); subsea inspection, repair and maintenance services, including chartering of marine vessels; and the provision of professional manpower.

Carimin Sdn. Bhd. Declares First Interim Single Tier Dividend for the Financial Year Ending June 30, 2015, Payable on March 27, 2015; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2014

The Board of Directors of Carimin Sdn. Bhd. declared a first interim single tier dividend of 1.00 sen per ordinary share in respect of the financial year ending June 30, 2015, payable on March 27, 2015, to all shareholders whose names appear on the register of members and record of depositors of the company on March 6, 2015. The company also reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2014. For the quarter, the company reported revenue of MYR 52,976,000, profit before taxation was MYR 5,926,000 and profit attributable to equity holders of the parent was MYR 4,634,000 or 2.17 sen per basic share. The revenue was mainly derived from offshore hook up and commissioning (HUC) which contributed MYR 32.2 million or 61% of the total group revenue, the balance from manpower services. The profit before taxation recorded was mainly derived from the offshore hook up and commissioning activities. For the six months, the company reported revenue of MYR 118,504,000, profit before taxation was MYR 13,355,000, and profit attributable to equity holders of the parent was MYR 10,163,000 or 5.26 sen per basic share. Net cash from operating activities was MYR 3,057,000. Purchases of property, plant and equipment was MYR 49,000.

Carimin Petroleum Berhad Announces Nomination and Remuneration Committee Changes

Carimin Petroleum Berhad announced that the composition of the company's Nomination Committee and Remuneration Committee has been changed to as follows with effect from February 16, 2015: Nomination Committee: Vice Admiral (Retired) Datuk Haji Jamilï Bin Haji Osman (Chairman, Independent Non-Executive), Tan Sri Dato' Kamaruzzaman Bin Shariff (Member, Non-Independent Non-Executive), Cik Yip Jian Lee (Member, Independent Non-Executive) and En. Mohd Rizal Bahari Bin Md Noor (Member, Independent Non-Executive); Remuneration Committee: Vice Admiral (Retired) Datuk Haji Jamil Bin Haji Osman (Chairman, Independent Non-Executive), Cik Yip Jian Lee (Member, Independent Non-Executive), En. Mokhtar Bin Hashim (Member, Executive) and Dato' Ir. Mohamad Razali Bin Othman (Member, Independent Non-Executive).

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