October 22, 2017 5:14 PM ET

Construction and Engineering

Company Overview of Iskandar Waterfront City Berhad

Company Overview

Iskandar Waterfront City Berhad, an investment holding company, engages in property development and construction activities in Malaysia. The company develops residential and commercial properties. It is also involved in the construction of infrastructure and buildings; and property investment and management activities. The company was formerly known as Tebrau Teguh Berhad and changed its name to Iskandar Waterfront City Berhad in June 2014. The company is based in Johor Bahru, Malaysia. Iskandar Waterfront City Berhad is a subsidiary of Iskandar Waterfront Holdings Sdn. Bhd.

Danga Bay

No G08, Block 8

Jalan Skudai

Johor Bahru,  80200

Malaysia

Phone:

60 7 233 3888

Fax:

60 7 233 3777

Key Executives for Iskandar Waterfront City Berhad

Iskandar Waterfront City Berhad does not have any Key Executives recorded.

Iskandar Waterfront City Berhad Key Developments

Iskandar Waterfront City Berhad Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017

Iskandar Waterfront City Berhad announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported revenue of MYR 12,509,000 against MYR 21,409,000 a year ago. Profit from operations was MYR 766,000 against loss of MYR 883,000 a year ago. Profit before tax was MYR 278,000 against loss of MYR 4,080,000 a year ago. Profit and total comprehensive income attributable to owners of the parent was MYR 147,000 or 0.02 sen per basic and diluted share against loss of MYR 3,815,000 or 0.54 sen per basic and diluted share a year ago. For the six months, the company reported revenue of MYR 26,156,000 against MYR 29,413,000 a year ago. Profit from operations was MYR 2,784,000 against loss of MYR 2,100,000 a year ago. Loss before tax was MYR 55,506,000 against MYR 8,651,000 a year ago. Loss and total comprehensive loss attributable to owners of the parent was MYR 56,308,000 or 6.86 sen per diluted share against MYR 8,613,000 or 1.22 sen per diluted share a year ago. Net cash from operating activities was MYR 56,668,000 against net cash used in operating activities of MYR 38,444,000 a year ago. Purchase of property, plant and equipment was MYR 116,000 against MYR 26,000 a year ago.

Iskandar Waterfront City Berhad Reports Unaudited Consolidated Earnings Results for the First Quarter Ended of March 31, 2017

Iskandar Waterfront City Berhad reported unaudited consolidated earnings results for the first quarter ended of March 31, 2017. For the quarter, the company reported revenue of MYR 13,647,000 compared to MYR 8,004,000 a year ago. Profit from operations was MYR 2,018,000 compared to loss from operations of MYR 1,217,000 a year ago. Loss before tax was MYR 55,784,000 compared to MYR 4,571,000 a year ago. Loss for the period was MYR 56,455,000 compared to MYR 4,798,000 a year ago. Loss attributable to owners of the parent was MYR 56,455,000 compared to MYR 4,798,000 a year ago. Diluted loss per share was 6.11 sen compared to 0.72 sen a year ago. Net cash from operating activities was MYR 27,821,000 compared to net cash used in operating activities of MYR 20,310,000 a year ago. Purchase of property, plant and equipment was MYR 5,000 compared to MYR 14,000 a year ago.

Iskandar Waterfront City Berhad, Annual General Meeting, May 25, 2017

Iskandar Waterfront City Berhad, Annual General Meeting, May 25, 2017, at 09:00 Singapore Standard Time. Location: Danga Bay Convention Centre Lot PTB21350, Batu 3½, Jalan Skudai Johor Bahru Johor Malaysia Agenda: To receive the audited financial statements for the year ended 31 December 2016 together with the reports of the directors and auditors thereon; to re-elect directors; to re-appoint director; to approve the payment of directors' fees, allowances and any other benefits payable not exceeding MYR 800,000 for the financial year ending 31 December 2017; to re-appoint auditors of the company for the financial year ending 31 December 2017 and to authorize the directors to fix their remuneration; to consider authority to issue and allot shares pursuant to Sections 75 and 76 of The Companies Act 2016; to consider proposed renewal of shareholders' mandate for recurrent related party transactions of a revenue or trading nature with the related parties as Disclosed Under Paragraph 33 (1 to 3) of the circular to shareholders; to consider continuing in office as independent director; and to consider other matters.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 8, 2017
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