May 24, 2017 2:06 PM 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, Annual General Meeting, May 22, 2017

Perdana Petroleum Berhad, Annual General Meeting, May 22, 2017, at 11:00 Singapore Standard Time. Location: Jasmine Room (Level C) One World Hotel, First Avenue Bandar Utama City Centre, 47800, Petaling Jaya, Selangor Malaysia Agenda: To consider the audited financial statements for the financial year ended 31 December 2016 and the reports of the directors and auditors thereon; to approve the payment of directors' fees for financial year ended 31 December 2016; to approve the payment of meeting allowance of MYR 500.00 per meeting for attendance of each non-executive director with effect from February 2017 until otherwise resolved; to consider re-election of directors; to re-appoint Messrs KPMG PLT as auditors and to authorise the board of directors to fix their remuneration; and to consider other special business.

Perdana Petroleum Berhad Announces Audited Consolidated and Separate Earnings Results for the Year Ended December 31, 2016

Perdana Petroleum Berhad announced audited consolidated and separate earnings results for the year ended December 31, 2016. For the year, on consolidated basis, the company's revenue was MYR 191,711,000 against MYR 228,194,000 a year ago. Results from operating activities was positive MYR 24,566,000 against negative MYR 60,642,000 a year ago. Loss before tax was MYR 35,948,000 against MYR 114,927,000 a year ago. Loss attributable to owners of the company was MYR 28,040,000 against MYR 118,917,000 a year ago. Loss per share, basic and diluted, was 3.60 sen per share against 15.77 sen per share a year ago. Net cash from operating activities was MYR 181,797,000 against MYR 106,376,000 a year ago. Purchase of property, plant and equipment was MYR 352,000 against MYR 21,904,000 a year ago. For the year, on separate basis, the company's revenue was MYR 2,333,000 against MYR 12,358,000 a year ago. Loss from operating activities was MYR 100,255,000 against MYR 6,123,000 a year ago. Loss before tax was MYR 109,454,000 against MYR 6,859,000 a year ago. Loss attributable to owners of the company was MYR 117,031,000 against MYR 10,207,000 a year ago. Net cash out flow from operating activities was MYR 566,839,000 against MYR 30,624,000 a year ago. Purchase of property, plant and equipment was MYR 65,000 against MYR 514,000 a year ago.

Perdana Petroleum Berhad Auditor Raises 'Going Concern' Doubt

Perdana Petroleum Berhad filed its Annual on Apr 13, 2017 for the period ending Dec 31, 2016. In this report its auditor, KPMG LLP - Klynveld Peat Marwick Goerdeler, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

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