June 22, 2018 9:33 PM ET

Road and Rail

Company Overview of Tiong Nam Logistics Holdings Berhad

Company Overview

Tiong Nam Logistics Holdings Berhad, an investment holding company, provides logistics and warehousing services in Malaysia. The company operates through three segments: Logistics and Warehousing Services, Investment, and Property Development. It offers transportation services for various goods through a fleet of haulage trucks, prime movers, car carriers, and trailers; technology deployment services, including power-up, engraving, and RAM installation; air freight services; ecommerce services; and freight forwarding services, such as cargo classification, insurance cover, duty rates, and regional customer competence with customized EDI invoice submission. The company also operates general a...

Jalan Kempas Baru

Lot 30462

Johor Bahru,  81200

Malaysia

Founded in 1975

Phone:

60 7 232 1299

Fax:

60 7 236 1299

Key Executives for Tiong Nam Logistics Holdings Berhad

Tiong Nam Logistics Holdings Berhad does not have any Key Executives recorded.

Tiong Nam Logistics Holdings Berhad Key Developments

Tiong Nam Logistics Holdings Berhad Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2018

Tiong Nam Logistics Holdings Berhad announced unaudited consolidated earnings results for the fourth quarter and full year ended March 31, 2018. For the quarter, the company reported revenue of MYR 170,806,000 against MYR 161,740,000 a year ago. Operating profit was MYR 15,150,000 against MYR 44,263,000 a year ago. Profit before tax was MYR 15,148,000 against MYR 44,619,000 a year ago. Net profit for the period attributable to equity holders of the company was MYR 6,891,000 or 1.34 sen diluted per share against MYR 37,603,000 or 3.54 sen diluted per share a year ago. Revenue has increased by 5.6% as compared to the preceding year corresponding quarter. This is mainly due to increase in Logistics and Warehousing revenue. The group posted a lower pre-tax profit as compared to the pre-tax profit for the preceding year corresponding quarter. This decrease is mainly due to loss on disposal of quoted shares amounting to MYR 0.3 million, fair value loss on quoted investment amounting to MYR 2.6 million, higher depreciation and amortization, and finance cost. For the year, the company reported revenue of MYR 657,938,000 against MYR 573,428,000 a year ago. Operating profit was MYR 54,685,000 against MYR 100,094,000 a year ago. Profit before tax was MYR 54,629,000 against MYR 100,582,000 a year ago. Net profit for the period attributable to equity holders of the company was MYR 30,451,000 or 5.94 sen diluted per share against MYR 81,351,000 or 16.67 sen diluted per share a year ago. Net cash from operating activities was MYR 65,123,000 against MYR 18,529,000 a year ago. Acquisition of property, plant and equipment was MYR 129,960,000 against MYR 163,133,000 a year ago. Acquisition of land held for future development was MYR 8,376,000.

Tiong Nam Logistics Holdings Bhd Reports Audited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017

Tiong Nam Logistics Holdings Bhd reported audited consolidated earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, the company reported revenues of MYR 172,783,000 against MYR 139,277,000 a year ago. Operating profit was MYR 15,696,000 against MYR 21,625,000 a year ago. Profit before tax was MYR 15,577,000 against MYR 21,728,000 a year ago. Net profit attributable to equity holders of the company was MYR 9,834,000 or 1.89 sen diluted per share against MYR 17,256,000 or 3.54 sen diluted per share a year ago. Net profit for the period MYR 10,212,000 compared to MYR 17,442,000 a year ago. For the nine months, the company reported revenues of MYR 487,132,000 against MYR 411,688,000 a year ago. Operating profit was MYR 39,535,000 against MYR 55,830,000 a year ago. Profit before tax was MYR 39,481,000 against MYR 55,962,000 a year ago. Net profit attributable to equity holders of the company was MYR 23,559,000 or 4.53 sen diluted per share against MYR 43,748,000 or 8.98 sen diluted per share a year ago. Net profit for the period MYR 25,991,000 compared to MYR 44,615,000 a year ago. Net cash from operating activities was MYR 27,063,000 compared to MYR 18,529,000 a year ago. Acquisition of property, plant and equipment was MYR 89,611,000 compared to MYR 163,133,000 a year ago. Acquisition of investment properties was MYR 1,297,000 compared to MYR 40,000 a year ago.

Tiong Nam Logistics Holdings Bhd Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2017

Tiong Nam Logistics Holdings Bhd reported unaudited consolidated earnings results for the second quarter and six months ended September 30, 2017. For the quarter, the company reported revenues of MYR 173,440,000 against MYR 141,321,000 a year ago. Operating profit was MYR 20,145,000 against MYR 16,473,000 a year ago. Profit before tax was MYR 20,123,000 against MYR 16,610,000 a year ago. Net profit attributable to equity holders of the company was MYR 13,041,000 or 2.48 sen diluted per share against MYR 13,050,000 or 2.70 sen diluted per share a year ago. Net profit for the period MYR 14,635,000 compared to MYR 13,345,000 a year ago. For the six months, the company reported revenues of MYR 314,350,000 against MYR 272,411,000 a year ago. Operating profit was MYR 23,839,000 against MYR 34,206,000 a year ago. Profit before tax was MYR 23,904,000 against MYR 34,235,000 a year ago. Net profit attributable to equity holders of the company was MYR 13,725,000 or 2.61 sen diluted per share against MYR 26,493,000 or 5.48 sen diluted per share a year ago. Net cash used in operating activities was MYR 4,493,000 compared to net cash from operating activities of MYR 4,683,000 a year ago. Acquisition of property, plant and equipment was MYR 61,805,000 compared to MYR 80,914,000 a year ago. Net profit for the period MYR 15,779,000 compared to MYR 27,174,000 a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Buyback
October 5, 2017
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