July 13, 2014 4:37 AM ET

Construction and Engineering

Company Overview of Malaysia Marine and Heavy Engineering Holdings Berhad

Company Overview

Malaysia Marine and Heavy Engineering Holdings Berhad provides marine and heavy engineering services primarily to the oil and gas sector in Malaysia. It operates through Offshore, Marine Repair, and Others segments. The company offers a range of construction and engineering services, such as detailed engineering design, procurement, construction, installation, hook-up, and commissioning. Its projects include construction of production topsides, process modules, turrets, floating production systems, mooring buoy systems, and mobile offshore storage units, as well as deepwater structures for the oil and gas industry. The company also provides marine repair services, which include repair, refit...

Menara Dayabumi

Level 31

Jalan Sultan Hishamuddin

Kuala Lumpur,  50050

Malaysia

Phone:

60 3 2273 0266

Fax:

60 3 2273 8916

Key Executives for Malaysia Marine and Heavy Engineering Holdings Berhad

Malaysia Marine and Heavy Engineering Holdings Berhad does not have any Key Executives recorded.

Malaysia Marine and Heavy Engineering Holdings Berhad Key Developments

Malaysia Marine and Heavy Engineering Holdings Berhad Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Malaysia Marine and Heavy Engineering Holdings Berhad announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, revenue was MYR 671,458,000, operating profit was MYR 34,568,000, profit before taxation was MYR 34,087,000 and profit attributable to equity holders of the company was MYR 34,631,000 or 2.2 sen per diluted share against revenue of MYR 921,826,000, operating profit of MYR 55,702,000, profit before taxation of MYR 56,754,000 and profit attributable to equity holders of the company of MYR 50,595,000 or 3.2 sen per diluted share for the same period a year ago. Net cash flow generated from operating activities was MYR 62,774,000 against net cash flow used in operating activities of MYR 220,883,000 a year ago. Purchase of property, plant and equipment was MYR 53,397,000 against MYR 25,276,000 a year ago. Net assets per share attributable to ordinary equity holders of the parent was MYR 1.6394 for the quarter.

Malaysia Marine and Heavy Engineering Holdings Berhad Proposes Final Single Tier Dividend for the Financial Year Ended December 31, 2013, Payable on June 16, 2014

Malaysia Marine and Heavy Engineering Holdings Berhad announced that at its annual general meeting to be held on May 19, 2014, the shareholders proposed the final single tier dividend of 5 sen per share in respect of the financial year ended December 31, 2013. The dividend will be paid on 16 June 2014 to depositors whose names appear in the record of depositors on 26 May 2014.

Malaysia Marine and Heavy Engineering Holdings Berhad, Annual General Meeting, May 19, 2014

Malaysia Marine and Heavy Engineering Holdings Berhad, Annual General Meeting, May 19, 2014., at 08:30 Indian Standard Time. Agenda: To receive the audited financial statements for the financial year ended 31 December 2013 together with the reports of the Directors and auditors thereon; to declare a final single tier dividend of 5 sen per share in respect of the financial year ended 31 December 2013; to re-elect the Directors who retire by rotation pursuant to Article 115 of the Company's Articles of Association and who being eligible, have offered themselves for re-election; to approve the payment of Directors' fees of MYR 964,143 for the financial year ended 31 December 2013; to re-appoint Messrs Ernst & Young as Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting and to authorise the Directors to fix their remuneration; and to transact any other ordinary business for which due notice has been given in accordance with the Companies Act, 1965.

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