| Company Name | : | MALAYSIAN BULK CARRIERS BERHAD |
| Stock Name | : | MAYBULK |
| Date Announced | : | 23/11/2011 |
| Financial Year End | : | 31/12/2011 |
| Quarter | : | 3 |
| Quarterly report for the financial period ended | : | 30/09/2011 |
| The figures | : | have not been audited |
| Converted attachment : |
| Please attach the full Quarterly Report here: |
MBC 300911 Q3FY11.pdf | | |
| Currency | : | Malaysian Ringgit (MYR) |
SUMMARY OF KEY FINANCIAL INFORMATION |
30/09/2011 |
INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
CURRENT YEAR QUARTER | PRECEDING YEAR CORRESPONDING QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR CORRESPONDING PERIOD | ||
$$'000 | $$'000 | $$'000 | $$'000 | ||
| 1 | Revenue | 44,379 | 109,027 | 198,946 | 319,525 |
| 2 | Profit/(loss) before tax | 1,060 | 88,069 | 77,560 | 174,914 |
| 3 | Profit/(loss) for the period | 921 | 88,122 | 76,567 | 173,961 |
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 371 | 87,745 | 74,916 | 170,666 |
| 5 | Basic earnings/(loss) per share (Subunit) | 0.04 | 8.77 | 7.49 | 17.07 |
| 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | ||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) | 1.6323 | 1.6858 | ||
9 Month cumulative quarters ending 30-9-2011
Income statement
Income statement
Revenue 198.946m
Profit from operations 56.214m
PBT 77.560m
PAT 76.567m
Finance costs (1.390m)
Income tax expense (0.993m)
Profit attributable to equity holders 74.916m
EPS attributable to equity holders
Basic 7.49 sen.
Basic 7.49 sen.
Balance Sheet
NCA 535.254m
CA 404.998m
TOTAL ASSETS 1,865.137m
TOTAL EQUITY 1,685.130m
NCL 72.009m
CL 107.998m
TOTAL LIABILITIES 180,007m
TOTAL EQUITY AND LIABILITIES 1,865.137m
Net assets per share 1.6323 sen
Asset
Associate 747.920m
Consumable stores 9.213m
Trade receivables 22.745m
Other payables 65.036m
Investments 117.708m
Short term deposits 142.870m
Cash and bank balances 102.305m
LT bank and other borrowings 72.009m
ST bank and other borrowings 42.476m
Dividends paid
30.9.2011 100m
30.9.2010 150m
Cash flow statement
PBT 77.580m
Operating profit before working capital changes 90.473m
Cash generated from operating activities after working capital changes 58.784m
Net cash generated from operating activities 57.582m
Net cash used in investing activities 19.274m
Net cash used in financing activities (139.245m)
Depreciation and amortisation (21.283m)
Unrealised loss on quoted investments (11.962m)
Share of results of associate 13.499m
Share of results of jointly controlled entities 9,237m
Gain on disposal of vessels 4,629m
Proceeds from disposal of vessels 57.492m
Segment Profits
Shipping Bulkers 64.710m
Shipping Tankers (3.069m)
Ship brokerage & management 1.480m
Investment holding & others (7,767m)
Number of ordinary shares in issue 1,000m
Market Watch
| Announcement Date | Financial Yr. End | Qtr | Period End | Revenue RM '000 | Profit/Lost RM'000 | EPS | Amended | ||||||
| 23-Nov-11 | 31-Dec-11 | 3 | 30-Sep-11 | 44,379 | 921 | 0.04 | - | ||||||
| 24-Aug-11 | 31-Dec-11 | 2 | 30-Jun-11 | 69,653 | 22,554 | 2.19 | - | ||||||
| 25-May-11 | 31-Dec-11 | 1 | 31-Mar-11 | 84,914 | 53,092 | 5.27 | - | ||||||
| 23-Feb-11 | 31-Dec-10 | 4 | 31-Dec-10 | 84,725 | 68,711 | 6.77 | - | ||||||
ttm-EPS 14.27 sen
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Malaysian Bulk Carriers Bhd operates in the Deep sea foreign trans. of freight sector. Malaysian Bulk Carriers Berhad is an investment holding company engaged in international shipping. It operates in three segments: Bulk Carriers, Tankers and Ship Management. As of February 28, 2011, the Company's total fleet was 10 owned and five controlled bulk carriers and three owned tankers. Its bulk carriers are involved in the transportation of dry cargoes comprising major bulks, such as iron ore, coal (steaming and coking coals), grains and minor bulks like sugar, coke and fertilizers, among others. Apart from its own vessels, the Company also charters-in third party vessels to service contracts of affreightment commitments. The tankers are engaged primarily in the seaborne transportation of clean petroleum products, chemicals and vegetable oils. Ship management involves marine operations, technical management of vessels, ship supplies and crewing.In August 2011, the Company winded-up its three wholly owned subsidiaries.
Current Price (11/18/2011): 1.74
(Figures in Malaysian Ringgits)
Recent Stock Performance:
1 Week -1.7% 13 Weeks -2.8%
4 Weeks -13.9% 52 Weeks -39.8%
Malaysian Bulk Carriers Bhd Key Data:
2010 Sales 404,250,000
(Year Ending Jan 2011).
Employees: 371
Market Cap: 1,740,000,000
Shares Outstanding: 1,000,000,000
Closely Held Shares: 674,356,950
23.11.2011
Price RM 1.66
PE 7.22x
DY 6.02%
Market cap RM 1660.0m
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