Investor Relations

Financial Information

Financial Highlights

Page 1

	Year Ended 31 December (Audited)
	2018 RM '000	2019 RM '000	2020 RM '000	2021 RM '000	2022 RM '000
FINANCIAL PERFORMANCE (RM '000)
Revenue	238,974	257,993	175,986	207,044	154,779
Voyage Expenses	(40,709)	(51,450)	(45,140)	(25,951)	(27,197)
	198,265	206,543	130,846	181,093	127,582
Operating Expenses	(193,881)	(174,542)	(134,438)	(88,083)	(79,835)
	4,384	32,001	(3,592)	93,010	47,747
Net change in provision for onerous contracts	32,232	4,640	0	0	0
(Loss)/gain on disposal of property, plant and equipment	0	(17,799)	0	98,014	50,058
Intangible assets written off	0	0	0	0	(181)
(Impairment loss)/reversal of impairment loss on vessels	(6,351)	(11,232)	(52,045)	3,086	0
(Impairment loss)/reversal of impairment loss on right-of-use assets	0	0	(3,737)	11,747	0
Impairment loss on non-current assets classified as held for sale	0	(10,527)	0	0	0
Gain/(loss) on liquidation of a subsidiary	0	9,523	51,263	(539)	1,996
Other operating income, net	1,916	4,720	9,619	2,436	5,575
Administration expenses	(9,604)	(9,466)	(7,257)	(8,650)	(8,155)
	22,577	1,860	(5,749)	199,104	97,040
Finance costs	(17,211)	(29,371)	(19,187)	(10,588)	(3,746)
Share of results of an associate	(8,402)	0	0	0	0
Gain on disposal of an associate	265,929	0	0	0	0
Share of results of joint ventures	1,907	2,131	1,192	(4)	0
Gain on liquidation of a joint venture	0	19,281	3,065	0	0
Gain on derecognition of joint venture	0	0	0	6,869	0
Profit / (Loss) before taxation	264,800	(6,099)	(20,679)	195,381	93,294
Taxation	(848)	(1,215)	(102)	(136)	(113)
Profit / (Loss) for the year	263,952	(7,314)	(20,781)	195,245	93,181
Attributable to: Equity holders of the Company Non-controlling interest	263,838 114	(7,319) 5	(20,781) 0	195,245 0	93,181 0
	263,952	(7,314)	(20,781)	195,245	93,181
RATIOS
Earnings / (Loss) per share (sen)	26.38	(0.73)	(2.08)	19.52	9.32