Independent Power and Renewable Electricity Producers
Company Overview of Malakoff Corporation Berhad
Malakoff Corporation Berhad, an investment holding company, operates as an independent water and power producer company in Malaysia, Indonesia, the Middle East, Australia, and North America. The company operates through Asset management, and Operations and Maintenance segments. It generates, distributes, and sells electricity. The company is also involved in the design, engineering, procurement, construction, installation and commissioning, testing, and operation and maintenance of coal-fired electricity generating facility; and provision of engineering and project management services, as well as repair, overhaul, and other services to power plants. In addition, it builds, owns, and operates...
Jalan Stesen Sentral 5
Kuala Lumpur, 50470
Founded in 1975
Key Executives for Malakoff Corporation Berhad
Malakoff Corporation Berhad does not have any Key Executives recorded.
Malakoff Corporation Berhad Key Developments
Malakoff Corporation Berhad Announces Single-Tier Interim Dividend for the Year Ending December 31, 2016, Payable on October 4, 2016
Aug 17 16
Malakoff Corporation Berhad announced single-tier interim dividend of 3.5 sen per share for the year ending December 31, 2016. The divided is payable on October 4, 2016 with ex-date of September 6, 2016 and entitlement date of September 8, 2016.
Malakoff Corporation Berhad Reports Un-Audited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016
Aug 17 16
Malakoff Corporation Berhad reported un-audited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported revenue of MYR 1,526,482,000 compared to MYR 1,295,764,000, results from operating activities of MYR 385,111,000 compared to MYR 337,699,000, profit before tax of MYR 158,862,000 compared to MYR 157,537,000, profit attributable to owners of the company of MYR 129,628,000 or 2.59 sen per basic and diluted share compared to MYR 86,293,000 or 1.90 sen per basic and diluted share for the last year. Increase in revenue was mainly due to revenue contribution by Tanjung Bin Energy Sdn. Bhd. pursuant to the commencement of its operation on 21 March 2016. Increase in profit before tax was mainly due to the insurance claim on rotor replacement and lower losses from associates, offset by higher maintenance costs.
For the six months, the company reported revenue of MYR 2,870,591,000 compared to MYR 2,642,384,000, results from operating activities of MYR 670,890,000 compared to MYR 672,169,000, profit before tax of MYR 298,654,000 compared to MYR 333,070,000, profit attributable to owners of the company of MYR 213,726,000 or 4.27 sen per basic and diluted share compared to MYR 190,198,000 or 4.46 sen per diluted share for the last year. Net cash from operating activities was MYR 1,010,877,000 compared to MYR 698,523,000 and acquisition of property, plant and equipment was MYR 395,148,000 compared to MYR 561,984,000 for the last year. Increase in revenue was mainly due to the commencement of operation of Tanjung Bin Energy Sdn. Bhd. on 21 March 2016. Increase in profit before tax was mainly due to lower contribution from Port Dickson Power Berhad and higher maintenance costs, offset by insurance claim on rotor replacement, lower losses from associates and also lower finance costs following the redemption of the unrated Junior Sukuk Musharakah.
Malakoff Corporation Berhad Reports Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2016
May 23 16
Malakoff Corporation Berhad reported consolidated unaudited earnings results for the first quarter ended March 31, 2016. For the period, the company reported revenue of MYR 1,344,109,000, profit from operation of MYR 285,779,000, profit before tax of MYR 139,792,000, profit for the period attributable to equity holders of the company of MYR 84,098,000 or 1.68 sen diluted per share as compared to reported revenue of MYR 1,346,620,000, profit from operation of MYR 334,470,000, profit before tax of MYR 175,533,000, profit for the period attributable to equity holders of the company of MYR 103,905,000 or 2.60 sen diluted per share for the same period last year. Net cash from operating activities was MYR 933,168,000 against MYR 213,858,000 for the same period last year. Acquisition of property, plant and equipment was MYR 244,710,000 against MYR 157,046,000 for the same period last year. The Group's revenue is slightly lower than recorded in first quarter of 2015 mainly due to lower revenue from Port Dickson Power Berhad as its PPA expired on 21 January 2016 while the PPA extension period started on 1 March 2016, offset by revenue contribution by Tanjung Bin Energy Sdn Bhd pursuant to the commencement of its operation on 21 March 2016. The Group's profit before tax was mainly due to higher maintenance costs and share of losses from associates and JV, offset by lower forex losses and lower finance costs following the redemption of the unrated Junior Sukuk Musharakah.
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