Last 0.77 MYR
Change Today -0.01 / -1.29%
Volume 10.9M
ICON On Other Exchanges
Symbol
Exchange
Kuala Lumpur
As of 3:56 AM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

icon offshore bhd (ICON) Snapshot

Open
0.77
Previous Close
0.78
Day High
0.79
Day Low
0.74
52 Week High
06/25/14 - 2.19
52 Week Low
01/7/15 - 0.62
Market Cap
900.5M
Average Volume 10 Days
9.5M
EPS TTM
0.0010
Shares Outstanding
1.2B
EX-Date
--
P/E TM
765.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for ICON OFFSHORE BHD (ICON)

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icon offshore bhd (ICON) Details

Icon Offshore Berhad, an investment holding company, provides offshore supply vessels and related services for the upstream activities of offshore oil and gas companies primarily in Malaysia. It owns, operates, and leases a fleet of 32 vessels that comprise 25 anchor handling tug/anchor handling tug supply vessels, 4 SSVs, 1 platform supply vessel, and 2 utility vessels. Its fleet provides logistical support for various stages of offshore oil and gas projects, including exploration and appraisal, field development, operation and maintenance, and decommissioning. The company also charter-in third party vessels as forerunner; provides ship management services to third party vessel owners; and offers maritime training services. The company was formerly known as Kota Bayu Ekuiti Berhad and changed its name to Icon Offshore Berhad in October 2012. Icon Offshore Berhad was founded in 1994 and is headquartered in Kuala Lumpur, Malaysia.

Founded in 1994

icon offshore bhd (ICON) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

icon offshore bhd (ICON) Key Developments

Icon Offshore Berhad Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Icon Offshore Berhad announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenue of MYR 77,090,096 against MYR 86,531,114 a year ago. Profit from operations was MYR 18,331,864 against loss from operations of MYR 9,863,960 a year ago. Profit before taxation was MYR 9,235,160 against loss before taxation of MYR 25,852,093 a year ago. Profit attributable to equity holders of the company was MYR 12,928,761 or MYR 0.02 per basic share against MYR 86,350,309 or MYR 0.34 per basic share a year ago. For the nine months, the company reported revenue of MYR 318,877,129 against MYR 334,863,365 a year ago. Profit from operations was MYR 106,609,430 against MYR 75,063,211 a year ago. Profit before taxation was MYR 56,400,457 against MYR 17,554,841 a year ago. Profit attributable to equity holders of the company was MYR 59,354,139 or MYR 0.07 per basic share against MYR 113,601,064 or MYR 0.44 per basic share a year ago. Net cash generated from operating activities was MYR 164,343,771 against MYR 192,453,196 a year ago. Purchase of property, plant and equipment was MYR 260,644,166 against MYR 274,637,416 a year ago.

EKUITI Not Planning To Sell Its Stake In Icon Offshore

EKUITI Nasional Bhd is not planning to sell its 42.3% stake in Icon Offshore Berhad (KLSE:ICON). EKUITI Nasional said that it would only dispose of the stake at the end of its horizon period, which is typically between three and five years. Icon Offshore is selling its shares in Bursa Malaysia since December 22, 2014. Ekuinas said it would only divest its stake in Icon Offshore when it believes the value of its investment has been maximized. Ekuinas stated "Having facilitated its listing on Bursa Malaysia in June 2014, our focus now is more towards aggressively growing the business further and increasing profits to strengthen its position as the largest pure-play offshore support vessel company in the country and among the largest in the region.”

Icon Offshore Berhad Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Icon Offshore Berhad announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of MYR 79,749,081 against MYR 97,836,333 a year ago. Profit from operations was MYR 32,684,437 against MYR 37,971,987 a year ago. Profit before taxation was MYR 19,054,766 against MYR 22,101,790 a year ago. Profit attributable to equity holders of the company was MYR 18,945,983 or MYR 0.03 per basic share against MYR 22,145,240 or MYR 0.09 per basic share a year ago. Adjusted PAT was MYR 20,746,769 against MYR 31,347,890 a year ago. EBITDA was MYR 49,532,998 against MYR 56,512,335 a year ago. Adjusted EBITDA was MYR 45,085,357 against MYR 59,331,735 a year ago. For the nine months, the company reported revenue of MYR 241,787,034 against MYR 248,332,252 a year ago. Profit from operations was MYR 88,277,566 against MYR 84,926,991 a year ago. Profit before taxation was MYR 47,165,297 against MYR 43,406,754 a year ago. Profit attributable to equity holders of the company was MYR 46,245,378 or MYR 0.11 per basic share against MYR 27,250,435 or MYR 0.11 per basic share a year ago. Net cash generated from operating activities was MYR 98,980,316 against MYR 143,299,412 a year ago. Purchase of property, plant and equipment was MYR 179,224,475 against MYR 208,692,163 a year ago. Revenue decreased was primarily due to lower forerunner charter in revenue business and, absence of contribution from vessels divested as part of rejuvenation strategy resulted to lower fleet utilisation of 79.2% for the quarter ended 30 September 2014 as compared to 85.5% for the quarter ended 30 September 2013, arising from lower demand and lower oil and gas activities. Adjusted PAT was MYR 71,430,668 against MYR 66,825,405 a year ago. EBITDA was MYR 137,016,022 against MYR 136,999,228 a year ago. Adjusted EBITDA was MYR 147,807,718 against MYR 146,393,948 a year ago.

 

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Price/Earnings 14.8x
Price/Sales 2.8x
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Price/Cash Flow 14.8x
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