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May 22, 2015 8:43 PM ET

IT Services

Company Overview of Symphony House Berhad

Company Overview

Symphony House Berhad, an investment holding company, provides outsourcing services worldwide. The company offers business process outsourcing services, including human resource solutions that are designed to manage its clients’ day-to-day HR related processes on a regional basis, as well as comprise payroll, expense claims, employee share options schemes, and employee self services; contact management solutions, which provide technical helpdesk services and solutions in the areas of telecommunication, e-commerce, and financial services; and finance and accounting solutions in various countries and languages, including general ledger, accounts payable, accounts receivable, expense claims, an...

Symphony House

Level 8

Pusat Dagangan Dana 1

Jalan PJU 1A/46

Petaling Jaya,  47301

Malaysia

Founded in 2002

Phone:

60 3 7841 8000

Fax:

60 3 7841 8008

Key Executives for Symphony House Berhad

Executive Chairman, Chief Executive Officer, Chairman of Executive Committee and Member of Employee Share Trust Scheme Committee
Age: 50
Total Annual Compensation: $1.0M
Executive Director, Chairman of Risk Management Committee, Member of Executive Committee, Member of Employee Share Trust Scheme Committee, Executive Director of Symphony Group and Director of Vsource Asia Berhad
Age: 49
Total Annual Compensation: $923.9K
Compensation as of Fiscal Year 2013.

Symphony House Berhad Key Developments

Symphony House Berhad Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Symphony House Berhad reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company's revenue was MYR 20,454,000 compared to MYR 31,805,000 a year ago, mainly due to the higher transactional activities under the international payroll outsourcing business, the corporate secretarial solutions and share issuance and registration solutions during the current quarter under review. Operating profit was MYR 1,413,000 compared to MYR 2,067,000 a year ago. Profit before tax was MYR 1,212,000 compared to loss before tax of MYR 39,502,000 a year ago. Profit for the period from continuing operations was MYR 267,000 compared to loss from continuing operations of MYR 40,754,000 a year ago. Profit for the period was MYR 267,000 compared to loss of MYR 41,533,000 a year ago. Profit attributable to equity holders of the company was MYR 124,000 compared to loss attributable to equity holders of the company of MYR 40,840,000 a year ago. EBITDA was MYR 2,586,000 compared to MYR 4,434,000 a year ago. Basic earnings per share attributable to equity holders of the company was 0.02 sen compared to loss of 6.19 sen a year ago. For the year, the company's revenue was MYR 79,125,000 compared to MYR 129,243,000 a year ago. Operating profit was MYR 5,425,000 compared to MYR 13,280,000 a year ago. Loss before tax was MYR 16,000 compared to MYR 34,168,000 a year ago. Loss for the period from continuing operations was MYR 2,438,000 compared to MYR 37,712,000 a year ago. Loss for the period was MYR 1,997,000 compared to MYR 38,336,000 a year ago. Loss attributable to equity holders of the company was MYR 1,951,000 compared to MYR 38,666,000 a year ago. EBITDA was MYR 6,155,000 compared to MYR 13,235,000 a year ago. Basic loss per share attributable to equity holders of the company was 0.30 sen compared to 5.86 sen a year ago. Net cash generated from operating activities was MYR 4,064,000 compared to MYR 18,224,000 a year ago. Purchase of plant and equipment was MYR 1,288,000 compared to MYR 2,471,000 a year ago. Addition of software development expenditure was MYR 1,416,000 compared to MYR 4,938,000 a year ago.

Symphony House Berhad Announces Change of Financial Year End from 31 December to 31 March

The Board of Directors of Symphony House Berhad has resolved to change the financial year end of the company from 31 December to 31 March. Subsequent to the change in financial year end of the company, the first set of audited financial statements adopting the new financial year end shall be made up for the financial period from 1 January 2014 to 31 March 2015.

Symphony House Berhad Announces Redesignation of Tan Sri Mohamed Azman Bin Yahya as Chairman & Executive Director, Effective November 17, 2014

Symphony House Berhad announced the redesignation of Tan Sri Mohamed Azman bin Yahya as chairman & executive director from director & chief executive officer with effect from November 17, 2014. He has been a Non Independent, Executive Director since October 15, 2002.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 16, 2014
Symphony BCSIS Sdn Bhd
Buyback
August 22, 2014
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