mermaid maritime pcl (MMT) Snapshot

Mermaid Maritime Public Company Limited proposed reduction in registered capital from THB 791,213,843 to THB 787,055,943 by means of the cancellation of 4,157,900 Shares and the amendment to the Memorandum of Association and proposed increase in registered capital from THB 787,055,943 to THB 1,416,700,697 by means of the issuance of 629,644,754 Shares and the amendment to the Memorandum of Association.

Mermaid Maritime Public Company Limited reported audited consolidated and parent earnings results for the second quarter and six months ended March 31, 2013. For the quarter on consolidated basis, the company reported loss attributable to owners of the parent was THB 124,249,000 or THB 0.16 basic and diluted per share compared to loss attributable to owners of the parent of THB 117,301,000 or THB 0.15 basic and diluted per share for the same period a year ago. Operating loss was THB 78,689,000 and loss before income taxes was THB 135,733,000 compared to operating loss of THB 48,120,000 and loss before income taxes of THB 98,004,000 for the same period a year ago. For six months on consolidated basis, the company reported loss attributable to owners of the parent was THB 103,591,000 or THB 0.13 basic and diluted loss per share compared to loss attributable to owners of the parent of THB 202,709,000 or THB 0.26 basic and diluted per share for the same period a year ago. Operating profit was THB 14,505,000 and loss before income taxes was THB 84,810,000 compared to operating loss of THB 63,362,000 and loss before income taxes of THB 160,864,000 for the same period a year ago. Net cash inflow from operating activities was THB 83,153,000 and payment for purchases of property, plant and equipment was THB 647,693,000 compared to net cash inflow from operating activities of THB 852,585,000 and payment for purchases of property, plant and equipment of THB 147,113,000 for the same period a year ago. For the quarter on parent basis, the company reported loss attributable to owners of the parent was THB 87,982,000 or THB 0.20 basic and diluted loss per share compared to loss attributable to owners of the parent of THB 87,982,000 or THB 0.11 basic and diluted per share for the same period a year ago. Operating loss was THB 151,687,000 and loss before income taxes was THB 151,687,000 compared to operating loss of THB 87,982,000 and loss before income taxes of THB 87,982,000 for the same period a year ago. For six months on parent basis, the company reported loss attributable to owners of the parent was THB 162,744,000 or THB 0.21 basic and diluted loss per share compared to loss attributable to owners of the parent of THB 9,948,000 or THB 0.01 basic and diluted per share for the same period a year ago. Operating loss was THB 159,159,000 and loss before income taxes was THB 162,019,000 compared to operating loss of THB 9,948,000 and loss before income taxes of THB 9,948,000 for the same period a year ago. Net cash outflow from operating activities was THB 49,597,000 and payment for purchases of property, plant and equipment was THB 2,898,000 compared to net cash outflow from operating activities of THB 19,381,000 and payment for purchases of property, plant and equipment of THB 723,000 for the same period a year ago.

Mermaid Maritime Public Company Limited announced the appointment of Siriwan Chamnannarongsak as a Group Chief Financial Officer, effective on May 14, 2013. she is responsible for overall finance and accounting function of the company group. she worked as Finance Director at Mermaid Maritime Public Company Limited.