September 17, 2014 6:58 AM ET

Energy Equipment and Services

Company Overview of Perdana Petroleum Berhad

Company Overview

Perdana Petroleum Berhad, an investment holding company, provides marine offshore support services for the upstream oil and gas industry in Malaysia, Singapore, and Marshall Islands. It provides work barges and workboats for on-board accommodation and work facilities for offshore personnel; vessels for towing, mooring, and anchoring of non-self propelled barges, rigs, floating storage and off-loading vessels, and floating production storage and off-loading vessels; and transportation of drilling, production, and project materials and chemicals. The company owns and operates 13 vessels, which include 8 anchor handling tug supply vessels, 7 work barges, and 2 work boats. It is also involved in...

No. 6-8, Jalan Seri Utara 1

Seri Utara

Batu 7

Jalan Ipoh

Kuala Lumpur,  68100

Malaysia

Founded in 1988

Phone:

60 3 6257 1111

Fax:

60 3 6257 7708

Key Executives for Perdana Petroleum Berhad

Perdana Petroleum Berhad does not have any Key Executives recorded.

Perdana Petroleum Berhad Key Developments

Perdana Petroleum Berhad Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Perdana Petroleum Berhad reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of MYR 88,574,000 compared to MYR 71,656,000 a year ago. The increase is mainly due to higher vessel utilization, increase in the number of vessels and charter rates in the current quarter. Profit before taxation was MYR 24,143,000 compared to MYR 15,306,000 a year ago. The significant increase in profit before taxation in the current quarter is mainly due to higher revenue generated, in spite of the increase in administrative cost and finance cost totaling MYR 7.2 million in the current quarter. Profit attributable to equity holders of the company was MYR 24,012,000 or 3.17 sen per diluted share compared to MYR 13,166,000 or 2.37 sen per diluted share a year ago. Net assets per share attributable to ordinary equity holders of the parent was MYR 0.82. For the six months, the company reported revenue of MYR 175,844,000 compared to MYR 128,435,000 a year ago. Profit before taxation was MYR 46,506,000 compared to MYR 28,476,000 a year ago. Profit attributable to equity holders of the company was MYR 46,028,000 or 6.10 sen per diluted share compared to MYR 24,260,000 or 4.36 sen per diluted share a year ago. Net cash from operating activities was MYR 53,464,000 compared to MYR 57,833,000 a year ago. Purchase of property, plant and equipment was MYR 95,339,000 compared to MYR 120,569,000 a year ago.

Nam Cheong Wins $84 Million Vessel Contract from Perdana Petroleum Bhd

NAM Cheong has sold two accommodation work barges (AWBs) worth a total of $84 million to Perdana Petroleum Bhd. The customer has an option to buy another two vessels. The AWBs are the large accommodation vessels built by Nam Cheong to date. Each will have a length of 123 metres and can accommodate 500 men. The two vessels are being constructed under Nam Cheong's build-to-order model in one of the group's subcontracted yards in China. They are scheduled for delivery in 2016 and are expected to contribute positively to Nam Cheong's earnings for the financial years ending 2014 to 2016.

Perdana Petroleum Berhad Incorporates Perdana Mars Ltd

Perdana Petroleum Berhad informed that it has incorporated a new wholly-owned subsidiary, Perdana Mars Ltd. on 19 June 2014 under the Labuan Companies Act 1990.

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Recent Private Companies Transactions

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Date
Target
Merger/Acquisition
November 26, 2013
Perdana Nautika Sdn Bhd
 

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