August 30, 2016 9:32 AM ET

Marine

Company Overview of Shin Yang Shipping Corporation Berhad

Company Overview

Shin Yang Shipping Corporation Berhad, an investment holding company, provides shipping services in Malaysia. The company transports loose bulk and container cargoes, such as timber logs, sawn timber, plywood, quarry, cement, glue, lubricants, project cargoes, car containers, timber products, light equipment, heavy machinery, vehicles, metal plates, steel products, flour, spare parts, and other cargoes; and general cargoes, including machineries, timber and steel products, and other cargoes. It manages and operates tug boats, barges, container vessels, crew boats, oil tankers, landing crafts, and cargo vessels. The company operates a fleet of 295 vessels with a total gross registered tonnage...

Sub Lot 153 (Parent Lot 70)

Jalan Kuala Baram

Kuala Baram

Miri,  98100

Malaysia

Phone:

60 8 542 8399

Fax:

60 8 542 1428

Key Executives for Shin Yang Shipping Corporation Berhad

Shin Yang Shipping Corporation Berhad does not have any Key Executives recorded.

Shin Yang Shipping Corporation Berhad Key Developments

Shin Yang Shipping Corporation Berhad Announces Incorporation of New Subsidiary, Sinar Asiamas Sdn Bhd

Shin Yang Shipping Corporation Berhad announced the incorporation of a new subsidiary, Sinar Asiamas Sdn Bhd. The subscription of shares in Sinar Asiamas Sdn Bhd will be funded wholly from internally generated funds of Danum Shipping Sdn Bhd. The eventual paid-up and issued share capital of Sinar Asiamas Sdn Bhd is MYR 100,000 comprising 100,000 ordinary shares of MYR 1.00 each as a ship management company.

Shin Yang Shipping Corporation Berhad expected to report Fiscal Year 2016 results on August 29, 2016. This event was calculated by Capital IQ (Created on July 11, 2016).

Shin Yang Shipping Corporation Berhad expected to report Fiscal Year 2016 results on August 29, 2016. This event was calculated by Capital IQ (Created on July 11, 2016).

Shin Yang Shipping Corporation Berhad Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2016

Shin Yang Shipping Corporation Berhad reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2016. For the quarter, the company reported revenue of MYR 141,391,000 compared to MYR 222,075,000 a year ago. The decrease was mainly due to the lower revenue generated from the shipbuilding operations and UAE shipping segments in the current quarter. Operating profit was MYR 16,710,000 compared to MYR 23,760,000 a year ago. Profit before tax was MYR 1,175,000 compared to MYR 3,808,000 a year ago. Profit attributable to equity holders of the parent was MYR 462,000 or 0.04 sen per basic and diluted share compared to MYR 3,435,000 or 0.29 sen per basic and diluted share a year ago. The decrease in profit before tax due to the decrease in margin in shipbuilding segments in current quarter. For the nine months, the company reported revenue of MYR 503,651,000 compared to MYR 751,171,000 a year ago. Operating profit was MYR 48,798,000 compared to MYR 63,260,000 a year ago. Profit before tax was MYR 12,874,000 compared to MYR 19,368,000 a year ago. Profit attributable to equity holders of the parent was MYR 9,435,000 or 0.79 sen per basic and diluted share compared to MYR 13,172,000 or 1.10 sen per basic and diluted share a year ago. Net cash generated from operating activities was MYR 85,209,000 compared to MYR 185,836,000 a year ago. Capital expenditure was MYR 45,197,000 compared to MYR 52,356,000 a year ago.

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