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oceanus group ltd (579) Details

Oceanus Group Limited, an investment holding company, is engaged in the research, development, breeding, production, and sale of Japanese breed abalones. It is also involved in the aquaculture production. Oceanus Group Limited is headquartered in Singapore.

oceanus group ltd (579) Top Compensated Officers

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oceanus group ltd (579) Key Developments

Oceanus Group Limited Appoints Matthew Tan Kim Chuan as Chief Risk Officer and Chief Technology Officer

The Board of Oceanus Group Limited appointed Matthew Tan Kim Chuan as the Chief Risk Officer cum Chief Technology Officer, effective from December 4, 2014. His areas of responsibility include, development of Risk Management Plan & Protocols for all Oceanus Farms; development and Implementation of Bio security plan; development and Implementation of water monitoring system; development of Abalone Farming operation manual; development of re-circulating aquaculture system and technology for pilot hatchery; and adoption of new technologies.

Oceanus Group Limited Announces Management Changes

Oceanus Group Limited announced the appointment of Mr. Peter, Koh Heng Kang as the Chief Executive Officer and Executive Director, effective from December 4, 2014. Dr. Ng Cher Yew will relinquish his Chief Executive Officer position.

Oceanus Group Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Oceanus Group Limited reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, sales of live marine products were RMB 0.5 million compared to RMB 3.1 million a year ago. Loss before income tax was RMB 70.2 million compared to RMB 104.2 million a year ago. Loss from continuing operations was RMB 71.02 million compared to RMB 104.2 million a year ago. Loss was RMB 70.6 million or 1.94 cents per diluted share compared to RMB 104.9 million or 3.03 cents per diluted share a year ago. LBITDA was RMB 34.7 million against RMB 83.4 million last year. Total comprehensive loss attributable to equity holders of the company was RMB 51.2 million compared to RMB 104.6 million a year ago. Cash flows used in operating activities was RMB 14.2 million against RMB 83.4 million last year. Adjusted LBITDA was RMB 25.3 million against RMB 12.0 million for the second quarter of 2014. For the nine months, sales of live marine products were RMB 1.4 million compared to RMB 17.4 million a year ago. Loss before income tax was RMB 161.2 million compared to RMB 232.9 million a year ago. Loss from continuing operations was RMB 161.2 million compared to RMB 232.9 million a year ago. Loss was RMB 139.9 million or 3.84 cents per diluted share compared to RMB 226.8 million or 7.85 cents per basic and diluted share a year ago. LBITDA was RMB 34.3 million against RMB 135.2 million last year. Total comprehensive loss attributable to equity holders of the company was RMB 142.9 million compared to RMB 211.9 million a year ago. Cash flows used in operating activities was RMB 27.4 million against RMB 106 million last year.

 

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