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April 19, 2015 2:29 PM ET

Marine

Company Overview of Shin Yang Shipping Corporation Berhad

Company Overview

Shin Yang Shipping Corporation Berhad, an investment holding company, is engaged in domestic and international shipping, shipbuilding, ship repair, shipping agency, and metal structures fabrication activities 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, and oil tankers; ...

Jalan Kuala Baram

Sublot 153 (Parent Lot 70)

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 Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2014

Shin Yang Shipping Corporation Berhad reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2014. For the quarter, the company’s revenue was MYR 273,158,000 against MYR 268,790,000 a year ago. The increase was mainly attributed to the higher revenue generated from the domestic, container shipping and bulk shipment operations in the current quarter. Operating profits was MYR 23,065,000 against MYR 4,406,000 a year ago. Profit before tax was MYR 13,810,000 against loss of MYR 5,271,000 a year ago. Profit attributable to equity holders of the parent was MYR 9,888,000 or 0.82 sen basic and diluted per share against loss of MYR 5,190,000 or 0.43 sen basic and diluted per share a year ago. The profit was due to increase in margin in domestic, container shipping and bulk shipment operations and shipbuilding operation in current quarter. For the six months, the company’s revenue was MYR 529,096,000 against MYR 565,482,000 a year ago. Operating profits was MYR 39,499,000 against MYR 25,761,000 a year ago. Profit before tax was MYR 15,560,000 against MYR 1,802,000 a year ago. Profit net of tax was MYR 106,000 against MYR 6,422,000 a year ago. Profit attributable to equity holders of the parent was MYR 9,737,000 or 0.81 sen basic and diluted per share against MYR 1,128,000 or 0.09 sen basic and diluted per share a year ago. Net cash generated from operating activities was MYR 64,699,000 against MYR 142,299,000 a year ago. Capital expenditure was MYR 49,538,000 against MYR 43,888,000 a year ago.

Shin Yang Shipping Corporation Berhad, Annual General Meeting, Dec 23, 2014

Shin Yang Shipping Corporation Berhad, Annual General Meeting, Dec 23, 2014., at 11:00 China Standard Time. Location: Conference Room, Level 5. Agenda: To table the audited financial statements for the financial year ended 30 June 2014 together with the reports of the directors and auditors thereon; to approve the directors' fees for the financial year ended 30 June 2014; to re-elect Directors; to re-appoint Ernst & Young as auditors; and to consider the approval be and is hereby given to the company and its subsidiary companies to enter into recurrent related party transactions of a revenue or trading nature with those related parties.

Shin Yang Shipping Corporation Berhad Reports Unaudited Consolidated Earnings Results for the First Quarter Ended September 30, 2014

Shin Yang Shipping Corporation Berhad reported unaudited consolidated earnings results for the first quarter ended September 30, 2014. For the quarter, the company’s revenue was MYR 255,937,000 against MYR 296,692,000 a year ago. The decrease was mainly attributed to the lower revenue generated from the dry bulk cargo segments and UAE shipping shipment in the current quarter. Operating profits was MYR 16,435,000 against MYR 21,355,000 a year ago. Profit before tax was MYR 1,750,000 against MYR 7,073,000 a year ago. Profit net of tax was MYR 106,000 against MYR 6,422,000 a year ago. Loss attributable to equity holders of the parent was MYR 150,000 or 0.01 sen basic and diluted per share against profit attributable to equity holders of the parent of MYR 6,319,000 or 0.53 sen basic and diluted per share a year ago. Net cash generated from operating activities was MYR 21,169,000 against MYR 88,409,000 a year ago. Capital expenditure was MYR 39,693,000 against MYR 20,726,000 a year ago. The decrease in profit was due to decrease in margin in dry bulk cargo and UAE segments in current quarter.

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