July 31, 2016 6:02 AM ET

Energy Equipment and Services

Company Overview of Perdana Petroleum Berhad

Company Overview

Perdana Petroleum Berhad, an investment holding company, provides marine offshore support services for the upstream oil and gas industry in Malaysia. The company operates through two segments, Marine Offshore Support Services, and Investment Holding and Others. It owns and operates a fleet of vessels to support an array of offshore activities comprising exploration, development, facilities installation, hook-up and commissioning, production, operation, and maintenance. The company also provides work barges and workboats for on-board accommodation; work facilities for offshore personnel; and towing, mooring, and anchoring of non-self-propelled barges and rigs, as well as transports drilling, ...

Unit 2-18-02

Tower 2

VSQ @ PJCC

Jalan Utara

Petaling Jaya,  46200

Malaysia

Founded in 1988

Phone:

60 3 7931 8524

Fax:

60 3 7931 8624

Key Executives for Perdana Petroleum Berhad

Perdana Petroleum Berhad does not have any Key Executives recorded.

Perdana Petroleum Berhad Key Developments

Perdana Petroleum Berhad Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2016

Perdana Petroleum Berhad announced unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported revenue was MYR 42,013,000 against MYR 69,508,000 a year ago. Results from operating activities were MYR 2,074,000 against MYR 17,648,000 a year ago. Loss before taxation was MYR 11,785,000 against profit of MYR 9,582,000 a year ago. Loss for the period attributable to equity holders of the company was MYR 11,965,000 against profit of MYR 8,637,000 a year ago. Basic loss per share of MYR 0.50 was 1.54 sen against profit of 1.17 sen a year ago. Net cash from operating activities was MYR 30,154,000 against MYR 106,376,000 a year ago. Purchase of property, plant and equipment was MYR 267,000 against MYR 21,904,000 a year ago.

Dayang May Divest Stake In Perdana Petroleum

Integrated offshore service provider Dayang Enterprise Holdings Berhad (KLSE:DAYANG) may divest part of its holdings in 98%-owned Perdana Petroleum Berhad (KLSE:PERDANA) to pare down the groups large borrowings. Any divestment will, however, still keep Dayang in control of Perdana, an offshore supply vessel (OSV) operator which owns 17 vessels, the company has assured shareholders.

Perdana Petroleum Berhad, Annual General Meeting, May 23, 2016

Perdana Petroleum Berhad, Annual General Meeting, May 23, 2016, at 11:00 Singapore Standard Time. Location: Maple Room (Level C) One World Hotel First Avenue, Bandar Utama City Centre Petaling Jaya, SL 47800 Malaysia Agenda: To receive the audited financial statements for the financial year ended 31 December 2015 and the reports of the Directors and Auditors thereon; to approve the payment of Directors' fees for financial year ended 31 December 2015; to consider re-election of the Directors; to re-appoint Messrs KPMG as Auditors of the company to hold office until the conclusion of the next annual general meeting, and to authorise the Board of Directors to fix their remuneration; to authority to issue shares pursuant to Section 132D of the companies Act, 1965; and to propose renewal of existing shareholders' mandate for recurrent related to consider party transactions of a revenue or trading nature.

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Recent Private Companies Transactions

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