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September 03, 2015 9:19 AM 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

Malaysia

Phone:

60 3 2168 7000

Fax:

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 Petroleum Berhad Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended June 30, 2015

Carimin Petroleum Berhad reported unaudited consolidated earnings results for the fourth quarter and year ended June 30, 2015. For the quarter, the company reported revenue of MYR 14,844,000. Loss before taxation was MYR 20,185,000. Loss after taxation was MYR 21,730,000. Loss attributable to equity holders of the parent was MYR 21,728,000. Basic loss per share attributable to equity holders of the parent was 9.29 sen. For the year, the company reported revenue of MYR 164,161,000. Loss before taxation was MYR 2,791,000. Loss after taxation was MYR 8,144,000. Loss attributable to equity holders of the parent was MYR 8,142,000. Basic loss per share attributable to equity holders of the parent was 3.48 sen. Net cash used in operating activities was MYR 8,826,000. Purchase of property, plant and equipment were MYR 6,293,000.

Carimin Engineering Services Sdn. Bhd Receives a Letter of Award from Lundin Malaysia B.V

The Board of Directors of Carimin announced that the company’s wholly-owned subsidiary, Carimin Engineering Services Sdn. Bhd. had on July 08, 2015 received a letter of award from Lundin Malaysia B.V. for the provision of topside major maintenance contract. The total value of the contract will depend on the actual work orders to be issued by Lundin from time to time during the contract period. The contract which commenced on July 08, 2015 will be effective for two years until 2017. CES is required to provide topside maintenance services based on work order issuance basis for Lundin’s Wellhead Platform (WHP) and Floating Production Storage and Offloading (FPSO) unit in Bertam offshore oil field. The Contract has an option for a further one-year extension.

Carimin Petroleum Berhad Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2015

Carimin Petroleum Berhad reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2015. For the quarter, the company reported revenue of MYR 30,813,000. Profit before taxation was MYR 4,039,000. Profit for the period was MYR 3,422,000. Attributable to equity holders of the parent was MYR 3,422,000. Basic earnings per share attributable to equity holders of the parent were 1.46 sen. For the nine months, the company reported revenue of MYR 149,317,000. Profit before taxation was MYR 17,394,000. Profit for the period was MYR 13,586,000. Attributable to equity holders of the parent was MYR 13,586,000. Basic earnings per share attributable to equity holders of the parent were 6.07 sen. Net cash from operating activities was MYR 41,408,000. Purchase of property, plant and equipment were MYR 599,000. Capital expenditure in progress was MYR 51,300,000.

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