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April 27, 2015 1:29 PM 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 Appoints Abu Fitri Bin Abdul Jalil as Managing Director & Chief Executive Officer and a Non-Independent Executive Director Effective from March 1, 2015

Malaysia Marine and Heavy Engineering Holdings Berhad announced the appointment of Abu Fitri Bin Abdul Jalil Managing Director & Chief Executive Officer and a Non-Independent Executive Director of MHB with effect from 1 March 2015. Tuan Haji Abu Fitri is presently the Vice President, Offshore Business in MISC Berhad. Prior to his appointment in MISC Berhad in March 2013, he was the Senior General Manager, Petroleum Operations Management in PETRONAS. He joined PETRONAS in January 1991 and had held various senior positions within PETRONAS both in Malaysia and overseas.

Malaysia Marine and Heavy Engineering Holdings Berhad Announces Cessation of Dominique de Soras as Chief Executive Officer, Managing Director and Non-Independent Executive Director, Effective February 28, 2015

Malaysia Marine and Heavy Engineering Holdings Berhad announced that Mr. Dominique de Soras shall cease to be the Managing Director and Chief Executive Officer as well as Non-Independent Executive Director of MHB with effect from 28 February 2015.

Malaysia Marine and Heavy Engineering Holdings Berhad Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Announces Impairment Loss on Property, Plant and Equipment for the Fourth Quarter Ended December 31, 2014

Malaysia Marine and Heavy Engineering Holdings Berhad announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported revenue of MYR 508,343,000 against MYR 726,306,000 a year ago. Operating profit was MYR 41,737,000 against MYR 46,969,000 a year ago. Profit before taxation was MYR 39,263,000 against MYR 47,046,000 a year ago. Profit attributable to equity holders of the company was MYR 16,482,000 against MYR 102,030,000 a year ago. Dilutive earnings per share attributable to equity holders of the company were 1.0 sen against 6.4 sen a year ago. For the year, the company reported revenue of MYR 2,700,505,000 against MYR 2,884,518,000 a year ago. Operating profit was MYR 122,624,000 against MYR 196,266,000 a year ago. Profit before taxation was MYR 119,113,000 against MYR 197,571,000 a year ago. Profit attributable to equity holders of the company was MYR 129,930,000 against MYR 236,474,000 a year ago. Dilutive earnings per share attributable to equity holders of the company were 8.1 sen against 14.8 sen a year ago. Net cash flow generated from operating activities was MYR 245,602,000 against cash flow used in operating activities of MYR 293,565,000 a year ago. Purchase of property, plant and equipment was MYR 178,070,000 against MYR 131,446,000 a year ago. For the quarter, the impairment loss on property, plant and equipment was MYR 4,967,000.

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