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Financial Information

 

Financial Highlights

Page 1

 

Year Ended 31 December
(Audited)
2019

RM '000
2020

RM '000
2021

RM '000
2022

RM '000
2023

RM '000
FINANCIAL PERFORMANCE (RM '000)
   Revenue
257,993
175,986
207,044
154,779
128,210
   Cost of sales and direct operating expenses
(225,992)
(179,578)
(114,034)
(107,032)
(101,034)
   Operating profit
32,001
(3,592)
93,010
47,747
27,176
  Net change in provision for onerous contracts
4,640
0
0
0
0
   (Loss)/gain on disposal of property, plant and equipment
(17,799)
0
98,014
50,058
25,342
 Intangible assets written off
0
0
0
(181)
0
  (Impairment loss)/reversal of impairment loss on vessels
(11,232)
(52,045)
3,086
0
0
  (Impairment loss)/reversal of impairment loss on right-of-use assets
0
(3,737)
11,747
0
0
  Impairment loss on non-current assets classified as held for sale
(10,527)
0
0
0
0
 Gain/(loss) on liquidation of a subsidiary
9,523
51,263
(539)
1,996
9,941
 Other operating income, net
4,720
9,619
2,436
5,575
1,447
 Administration expenses
(9,466)
(7,257)
(8,650)
(8,155)
(10,622)
  
1,860
(5,749)
199,104
97,040
53,284
  Finance costs
(29,371)
(19,187)
(10,588)
(3,746)
(530)
   Share of results of joint ventures
2,131
1,192
(4)
0
0
   Gain on liquidation of a joint venture
19,281
3,065
0
0
0
   Gain on derecognition of joint venture
0
0
6,869
0
0
   Profit / (Loss) before taxation
(6,099)
(20,679)
195,381
93,294
52,754
   Taxation
(1,215)
(102)
(136)
(113)
(3,108)
   Profit / (Loss) for the year
(7,314)
(20,781)
195,245
93,181
49,646
Attributable to:
   Equity holders of the Company
   Non-controlling interest

(7,319)
5

(20,781)
0

195,245
0

93,181
0

49,646
0
 
(7,314)
(20,781)
195,245
93,181
49,646

RATIOS

  Earnings / (Loss) per share (sen)
(0.73)
(2.08)
19.52
9.32
4.96