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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 oil and gas facilities in Malaysia. It operates through three segments: Construction Services, Offshore Crane Works, and Others. The company fabricates offshore oil and gas facilities, including substructures, inter-platform bridges, booms, well head platform, central processing platforms, compression platforms, modules, decks, living quarters, process skids, and modular compression skids. It also offers hook-up, commissioning, topside maintenance, and petrofit works. In addition, the company provides marine engineering services to oil and gas companies, and marine vessels operators. Further, the company manufactures marine and offshore cranes, custom made cranes, and deck machineries, as well as provides related after sales services; and supplies spare parts, including the 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

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th heavy engineering bhd
TH Heavy Engineering Berhad Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017

TH Heavy Engineering Berhad announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, revenue was MYR 2,246,000 against MYR 14,524,000 a year ago. Operating loss was MYR 8,199,000 against MYR 2,728,000 a year ago. Loss before taxation was MYR 24,604,000 against MYR 41,433,000 a year ago. Loss attributable to owners of the company was MYR 21,179,000 against MYR 33,442,000 a year ago. Diluted loss attributable to shareholders of the company per share was 0.95 sen against 1.51 sen a year ago. Net cash used in operating activities was MYR 4,770,000 against net cash from operating activities of MYR 128,802,000 a year ago.

TH Heavy Engineering Berhad, Annual General Meeting, May 25, 2017

TH Heavy Engineering Berhad, Annual General Meeting, May 25, 2017, at 14:30 China Standard Time. Location: Ballroom 1, First Floor, Main Wing, Tropicana Golf & Country Resort Jalan Kelab Tropicana 47410 Petaling Jaya Selangor Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 31 December 2016 together with the reports of the directors and the auditors thereon; to approve the payment of directors's fees amounting to MYR 521,754.10 for the financial year ended 31 December 2016; to approve the Directors's benefits payable to the directors of the company with effect from 1 February 2017 until the next Annual General Meeting of the Company in year 2018; to re-elect directors; to re-appoint Messrs. Deloitte PLT as auditors of the company until the conclusion of the next annual general meeting and to authorise the directors to fix their remuneration; to consider the authority to issue shares pursuant to sections 75 and 76 of the companies act 2016; to consider the proposed retention of too kok leng as independent non-executive director; and to transact any other business of which due notice shall have been given.

TH Heavy Engineering Berhad Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2016; Reports Impairment of Property, Plant and Equipment for the Fourth Quarter Ended December 31, 2016

TH Heavy Engineering Berhad reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company's revenue was MYR 4,653,000 against MYR 7,603,000 a year ago. Operating loss was MYR 293,444,000 against MYR 36,786,000 a year ago. Loss before taxation was MYR 299,531,000 against MYR 19,352,000 a year ago. Loss after taxation was MYR 287,156,000 against MYR 18,946,000 a year ago. Loss attributable to owners of the company was MYR 193,910,000 against MYR 15,171,000 a year ago. Fully diluted loss per share attributable to shareholders of the company was 8.73 sen against 1.05 sen a year ago. For the year, the company's revenue was MYR 17,775,000 against MYR 100,501,000 a year ago. Operating loss was MYR 415,112,000 against MYR 86,606,000 a year ago. Loss before taxation was MYR 452,088,000 against MYR 54,622,000 a year ago. Loss after taxation was MYR 439,713,000 against MYR 54,324,000 a year ago. Loss attributable to owners of the company was MYR 365,841,000 against MYR 45,335,000 a year ago. Fully diluted loss per share attributable to shareholders of the company was 16.47 sen against 3.14 sen a year ago. Net cash generated from operating activities was MYR 186,688,000 against net cash used in from operating activities MYR 112,183,000 a year ago. Acquisition of property, plant and equipment was MYR 202,485,000 against MYR 236,159,000 a year ago. For the quarter, the company reported impairment of property, plant and equipment of MYR 268,246,000.

 

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