April 24, 2017 3:40 PM ET

Water Utilities

Company Overview of Puncak Niaga Holdings Berhad

Company Overview

Puncak Niaga Holdings Berhad, an investment holding company, provides integrated water, wastewater, and environmental solutions in Malaysia and internationally. It operates through Water and Wastewater, Oil and Gas, and Constructions segments. The company engages in the operation, maintenance, management, construction, rehabilitation, and refurbishment of water treatment facilities; providing environmental services, including the management of wastewater, solid waste, and waste energy; and treatment and distribution of water and related services. It also provides offshore installation services of integrated transportation and installation of offshore facilities; research and development, and...

Wisma Rozali

No. 4, Persiaran Sukan

Seksyen 13

Shah Alam,  40100

Malaysia

Founded in 1997

Phone:

60 3 5522 8598

Fax:

60 3 5522 8598

Key Executives for Puncak Niaga Holdings Berhad

Executive Chairman
Age: 59
Executive Director of Operations Division, Director and Managing Director of Puncak Niaga Construction Sdn Bhd
Age: 62
Executive Director of Corporate Finance Division and Executive Director
Age: 52
D44 Project Director/Coordinator
Age: 59
Compensation as of Fiscal Year 2015.

Puncak Niaga Holdings Berhad Key Developments

Puncak Niaga Appoints Lim Shook Nyee as Joint Company Secretary

Puncak Niaga has appointed Lim Shook Nyee as Joint Company Secretary. The effective date is March 23, 2017.

Puncak Niaga Holdings Berhad Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016; Reports Impairment Losses for the Fourth Quarter Ended December 31, 2016

Puncak Niaga Holdings Berhad announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported revenue of MYR 20,550,000 against MYR 13,390,000 a year ago. Loss from operations was MYR 53,328,000 against MYR 103,442,000 a year ago. Loss before tax was MYR 54,130,000 against MYR 107,796,000 a year ago. Loss after tax from continuing operations was MYR 79,242,000 against MYR 87,999,000 a year ago. Loss attributable to the owners of the parent was MYR 93,720,000 or 20.64 sen per basic share against MYR 101,554,000 or 23.26 sen per basic share a year ago. Revenue increased mainly due to higher revenue contribution from the Construction segment. For the year, the company reported revenue of MYR 73,776,000 against MYR 187,987,000 a year ago. Loss from operations was MYR 211,245,000 against MYR 110,911,000 a year ago. Loss before tax was MYR 214,405,000 against MYR 134,120,000 a year ago. Loss after tax from continuing operations was MYR 240,628,000 against MYR 116,960,000 a year ago. Loss attributable to the owners of the parent was MYR 260,049,000 or 57.63 sen per basic share against profit of MYR 63,058,000 or 15.58 sen per basic share a year ago. Net asset value per share attributable to the owners of the parent was MYR 3.119 against MYR 3.75 a year ago. Net cash used in operating activities was MYR 180,196,000 against MYR 55,446,000 a year ago. Purchase of plant property and equipment was MYR 12,390,000 against MYR 7,949,000 a year ago. The lower LBT reported in the current financial year-to-date was mainly due to recognition of allowance for foreseeable losses in respect of the Construction segments ongoing sewerage contract as a result of cost increase arising from the termination of the previous sub-contractor due to various breaches of contract and slow work progress despite several notices given. For the quarter, the company reported impairment losses of MYR 48,516,000 against MYR 97,556,000 a year ago.

Puncak Niaga Holdings Berhad Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

Puncak Niaga Holdings Berhad announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company's pre-tax loss was MYR 102.27 million against MYR 12.40 million for the same period last year. Revenue was MYR 29.91 million against MYR 46.25 million for the same period last year. Loss from operations was MYR 101,386,000 against MYR 7,990,000 a year ago. Loss net of tax from continuing operations was MYR 102,392,000 or 22.79 sen per basic share against MYR 20,886,000 or 5.00 sen per basic share a year ago. Loss net of tax attributable to owners of the parent was MYR 102,375,000 or 22.79 sen per basic share against profit net of tax attributable to owners of the parent MYR 40,087,000 or 9.73 sen per basic share a year ago. For the nine months, the company's pre-tax loss was MYR 165.22 million against MYR 32.9 million for the same period last year. Revenue was MYR 53.69 million against MYR 175.18 million for the same period last year. Loss from operations was MYR 162,754,000 against MYR 20,672,000 a year ago. Loss net of tax from continuing operations was MYR 166,329,000 or 36.99 sen per basic share against MYR 35,545,000 or 8.45 sen per basic share a year ago. Loss net of tax attributable to owners of the parent was MYR 166,179,000 or 36.99 sen per basic share against profit net of tax attributable to owners of the parent MYR 165,301,000 or 40.09 sen per basic share a year ago. The decrease in revenue in the current financial quarter and financial year-to-date was mainly due to lower revenue contribution from the Construction segment of MYR 25.4 million and MYR 41.8 million respectively and no revenue contribution from the Oil and Gas segment. The higher LBT reported in the current quarter and financial year-to-date was mainly due to lower revenue and recognition of allowance for foreseeable losses in respect of the Construction segment's ongoing sewerage contract as a result of cost increase arising from the termination of the previous sub-contractor due to various breaches of contract and slow work progress despite several notices given. Net cash used in operating activities was MYR 81,739,000 against MYR 18,491,000 a year ago. Purchase of property, plant and equipment was MYR 7,854,000 against MYR 11,821,000 a year ago.

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Recent Private Companies Transactions

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Date
Target
Merger/Acquisition
December 16, 2016
Triplc Berhad
 

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