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th heavy engineering bhd (7206) Snapshot

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th heavy engineering bhd (7206) Details

TH Heavy Engineering Berhad, together with its subsidiaries, is engaged in the fabrication of offshore steel structures and the provision of other related offshore oil and gas engineering services in Malaysia. It operates through three segments: Construction Services, Offshore Crane Works, and Others. The company fabricates offshore steel structures, such as jackets, substructures, modules, decks, living quarters, process skids, modular compression skids, booms, and inter-platform bridges together with other related engineering packages, as well as topsides, including well head, central processing, and compression platforms. It also provides project management, engineering, procurement, construction, testing and pre-commissioning, onshore commissioning, and load-out services. In addition, the company offers services, such as hook-up and commissioning, topside maintenance, petrofit works, offshore topsides modifications, upgrades, shutdowns, repairs, and de-commissioning of existing or abandoned platforms. Further, it provides marine engineering and value-added marine services to oil and gas companies, and marine vessels operators. Additionally, TH Heavy Engineering Berhad manufactures marine and offshore pedestal cranes, custom made cranes, and deck machinery, as well as provides related after sales services and supplies spare parts, including service and maintenance of offshore and marine cranes. The company was formerly known as Ramunia Holdings Berhad. TH Heavy Engineering Berhad was incorporated in 2003 is based in Kuala Lumpur, Malaysia.

Founded in 2003

th heavy engineering bhd (7206) Top Compensated Officers

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th heavy engineering bhd (7206) Key Developments

TH Heavy Engineering Berhad Announces Appointment of Samad Bin Solbai as Independent & Non-Executive Member of Audit Committee, Effective March 1, 2015

TH Heavy Engineering Berhad announced appointment of Samad Bin Solbai as independent & non-executive member of audit committee, effective March 1, 2015. He served as CEO/president director of PT Gunanusa Utama Fabricators, Indonesia from 2005 to 2011.

TH Heavy Engineering Berhad Announces Resignation of Nusral Bin Danir as Independent & Non Executive Member of Audit Committee, Effective March 1, 2015

TH Heavy Engineering Berhad announced resignation of Nusral Bin Danir as Independent & Non Executive Member of Audit Committee, effective March 1, 2015.

TH Heavy Engineering Berhad Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014

TH Heavy Engineering Berhad reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, revenue was MYR 58,322,000 against MYR 61,016,000 a year ago. The decrease was due to completion of prior year projects and the current projects are at their tail-end. Operating loss was MYR 82,079,000 against MYR 21,375,000 a year ago. Loss before taxation was MYR 73,046,000 against MYR 20,261,000 a year ago. Loss attributable to owners of the company was MYR 53,081,000 or 5.17 sen per diluted share against MYR 11,016,000 or 0.89 sen per basic and diluted share a year ago. For the full year, revenue was MYR 344,124,000 against MYR 259,932,000 a year ago. Operating loss was MYR 115,680,000 against operating loss of MYR 679,000 a year ago. Loss before taxation was MYR 106,303,000 against MYR 974,000 a year ago. Loss attributable to owners of the company was MYR 72,630,000 or 7.60 sen per basic and diluted share against profit attributable to owners of the company of MYR 8,101,000 or 0.67 sen per basic share a year ago. Net cash used in operating activities was MYR 36,967,000 against MYR 37,811,000 a year ago. At the end of the period, net assets per share were 34.9 sen against 37.3 sen a year ago. Acquisition of property, plant and equipment was MYR 62,693,000 against MYR 64,836,000 a year ago. Acquisition of intangible assets was MYR 452,000 against MYR 12,000 a year ago.

 

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