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Quarterly Report For The Financial Period Ended 30 June 2017

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Quarter on Quarter (1Q 2016 vs 1Q 2017)

Revenue (RM' mil)

Revenue for 1Q 2017 stood at RM41.4 mil

The drop was largely attributable to lower fleet utilisation rate of 42.8% (1Q 2016: 45%) and lower daily charter rates. This is due to the continuous low demand and activities in oil and gas industry.

EBITDA (RM' mil)

Adjusted EBITDA for 1Q 2017 stood at RM12.7 mil

The drop was largely attributable to lower revenue, coupled with increased spending relating to charterer's requirements and certification requirements.
This was partially offset against lower crew costs that were on domestic safe manning.

PAT (RM' mil)

Adjusted LAT for 1Q 2017 stood at RM9.3 mil

The drop was largely attributable to lower revenue for the quarter.

Quarter by Quarter (Trailing quarters)

Revenue (RM' mil)

Revenue for 1Q 2016 stood at RM41.4 mil

1Q 2017 vs 4Q 2016
The drop was largely attributable to lower utilisation and daily charter rates, suspension of charter contracts due to the cyclical monsoon weather and completion of charter contract for an AWB in 4Q2016.

EBITDA (RM' mil)

Adjusted EBITDA for 1Q 2017 stood at RM12.7 mil

1Q 2017 vs 4Q 2016
The drop in Adjusted EBITDA was mainly due to lower revenue recognised.

PAT/ LAT (RM' mil)

Adjusted LAT for 1Q 2017 stood at RM9.3 mil

The drop in Adjusted PAT was mainly due to lower revenue recognised.