Transocean Holdings Bhd. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 30, 2021 at 01:53 pm
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Transocean Holdings Bhd. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was MYR 4.736 million compared to MYR 3.553 million a year ago. Operating income was MYR 104,000 compared to operating loss of MYR 382,000 a year ago. Net income was MYR 68,000 compared to net loss of MYR 404,000 a year ago. Basic earnings per share from continuing operations was MYR 0.0015 compared to basic loss per share from continuing operations of MYR 0.0098 a year ago. For the half year, sales was MYR 9.300 million compared to MYR 7.783 million a year ago. Operating income was MYR 193,000 compared to operating loss of MYR 528,000 a year ago. Net income was MYR 117,000 compared to net loss of MYR 578,000 a year ago. Basic earnings per share from continuing operations was MYR 0.0026 compared to basic loss per share from continuing operations of MYR 0.0141 a year ago.
Arka Bhd, formerly Transocean Holdings Bhd., is a Malaysia-based transport and logistics company. The Company provides services in the areas of road transport, air and sea freight, warehousing, logistics and customs and forwarding services. Its business segments include Logistic solutions, Tire products and Investment holdings. The Logistic solutions segment is engaged in the provision of custom brokerage, freight forwarding, trucking, international air, ocean freight services, warehousing, and depot services. Its Logistic solutions provides services covering Malaysia, Singapore, Thailand, and various other countries. The Tire products segment is engaged in the manufacturing and trading of tires. The Investment holdings segment is engaged in investment holding, provision of management services and letting of properties. It is also involved in providing cloud services and edge computing solution. Its subsidiaries include Transocean (M) Sdn. Bhd. and Usmeta Manufacturing Sdn. Bhd.