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th heavy engineering bhd (7206) Snapshot

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th heavy engineering bhd (7206) Details

TH Heavy Engineering Berhad, an investment holding company, engages 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 Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

TH Heavy Engineering Berhad reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported revenue of MYR 26,173,000 against MYR 78,989,000 a year ago. Profit before taxation was MYR 1,571,000 against loss before taxation of MYR 23,791,000 a year ago. Loss attributable to owners of the company was MYR 5,223,000 against MYR 15,087,000 a year ago. Loss per share diluted attributable to shareholders of the company was 0.40 sen against 1.48 sen a year ago. For the nine months, the company reported revenue of MYR 92,898,000 against MYR 285,802,000 a year ago. Loss before taxation was MYR 35,270,000 against MYR 33,257,000 a year ago. Loss attributable to owners of the company was MYR 30,164,000 against MYR 19,549,000 a year ago. Loss per share diluted attributable to shareholders of the company was 2.32 sen against 1.91 sen a year ago. Net cash generated from operating activities was MYR 29,191,000 against MYR 12,045,000 a year ago. Acquisition of property, plant and equipment was MYR 311,501,000 against MYR 48,641,000 a year ago.

TH Heavy Engineering Berhad Appoints Dato Johan Bin Abdullah as Non Independent and Non Executive Chairman, Effective October 07, 2015

TH Heavy Engineering Berhad appointed Dato Johan Bin Abdullah as Non Independent and Non Executive Chairman. The effective date is October 07, 2015. Current - Deputy Group Managing Director and Chief Executive Officer, Lembaga Tabung Haji. 2008 to 2015 - Group Managing Director/Chief Executive Officer, BIMB Holdings Berhad. Directorship of public companies are BIMB Holdings Berhad, Syarikat Takaful Malaysia Berhad and TH Plantations Berhad.

TH Heavy Engineering Berhad Announces Resignation of Datuk Seri Mohamad Norza Bin Haji Zakaria as Independent and Non Executive Member of Audit Committee

TH Heavy Engineering Berhad announced resignation of Datuk Seri Mohamad Norza Bin Haji Zakaria as Independent and Non Executive member of Audit Committee, effective October 7, 2015.

 

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