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September 03, 2015 9:12 AM ET

Construction and Engineering

Company Overview of Malaysia Marine and Heavy Engineering Holdings Berhad

Company Overview

Malaysia Marine and Heavy Engineering Holdings Berhad, an investment holding company, provides marine and heavy engineering services primarily to the oil and gas sector in Malaysia. It operates through Offshore, Marine Repair, and Others segments. The company offers a range of offshore construction services comprising the construction of production topsides, process modules, turrets, floating production systems, mooring buoy systems, and mobile offshore storage units, as well as deepwater structures for the oil and gas industry. It also provides offshore conversion services consisting of engineering design, fabrication, installation, and commissioning of various vessels comprising VLCCs, Afr...

Menara Dayabumi

Level 31

Jalan Sultan Hishamuddin

Kuala Lumpur,  50050

Malaysia

Phone:

60 3 2273 0266

Fax:

60 3 2273 8916

Key Executives for Malaysia Marine and Heavy Engineering Holdings Berhad

Malaysia Marine and Heavy Engineering Holdings Berhad does not have any Key Executives recorded.

Malaysia Marine and Heavy Engineering Holdings Berhad Key Developments

Malaysia Marine and Heavy Engineering Holdings Berhad Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Malaysia Marine and Heavy Engineering Holdings Berhad reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of MYR 582,143,000 against MYR 980,916,000 a year ago. Profit before tax was MYR 17,572,000 against MYR 25,695,000 a year ago. Profit attributable to ordinary equity holders of the parent was MYR 18,026,000 against MYR 39,731,000 a year ago. Diluted earnings per share were 1.1 sen against 2.5 sen per share a year ago. Operating profit was MYR 17,487,000 against MYR 23,210,000 a year ago. The Group registered a lower profit before tax in the corresponding quarter mainly due to lower contribution from Offshore segment. For the six months, the company reported revenue of MYR 1,301,639,000 against MYR 1,652,374,000 a year ago. Profit before tax was MYR 52,574,000 against MYR 59,782,000 a year ago. Profit attributable to ordinary equity holders of the parent was MYR 54,054,000 against MYR 74,362,000 a year ago. Diluted earnings per share were 3.4 sen against 4.6 sen per share a year ago. Operating profit was MYR 52,780,000 against MYR 57,778,000 a year ago. Net cash flow generated from operating activities was MYR 457,257,000 against MYR 209,602,000 a year ago. Purchase of property, plant and equipment was MYR 69,815,000 against MYR 84,419,000 a year ago. The Group's operating profit in the corresponding period due to Offshore registered lower revenue as most projects have been completed or sailed away. The Group registered a lower profit before tax mainly due to lower contribution from Offshore segment.

Malaysia Marine and Heavy Engineering Holdings Berhad, Annual General Meeting, May 25, 2015

Malaysia Marine and Heavy Engineering Holdings Berhad, Annual General Meeting, May 25, 2015., at 11:00 Singapore Standard Time. Location: Topaz Ballroom, One World Hotel, Ground Floor, First Avenue. Agenda: To receive the audited financial statements for the financial year ended 31 December 2014 together with the reports of the directors and auditors thereon; to elect Abu Fitri bin Abdul Jalil who retires pursuant to Article 112 of the company's articles of association and who being eligible, has offered himself for election; to re-elect Directors; to approve the payment of directors' fees of MYR 1,126,000 for the financial year ended 31 December 2014; to re-appoint Ernst & Young as auditors; and to transact any other ordinary business for which due notice has been given in accordance with the companies Act, 1965.

Malaysia Marine and Heavy Engineering Holdings Berhad Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Malaysia Marine and Heavy Engineering Holdings Berhad reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, revenue was MYR 719,496,000 against MYR 671,458,000 a year ago. Operating profit was MYR 35,293,000 against MYR 34,568,000 a year ago. Profit before taxation was MYR 35,002,000 against MYR 34,087,000 a year ago. Profit after taxation was MYR 35,898,000 against MYR 34,545,000 a year ago. Profit attributable to equity holders of the company was MYR 36,028,000 against MYR 34,631,000 a year ago. Dilutive earnings per share attributable to equity holders of the company were 2.3 sen against 2.2 sen a year ago. Net cash flow generated from operating activities was MYR 323,238,000 against MYR 62,774,000 a year ago. Purchase of property, plant and equipment was MYR 35,403,000 against MYR 53,397,000 a year ago.

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