IEV - PROMISING TURNAROUND COMPANY

ZEN
Topic Author
Offline
Elite Member

9 years 11 months ago #19984 by ZEN

Replied by ZEN on topic IEV - PROMISING TURNAROUND COMPANY

GOING TO RALLY ALREADY !!!

ZEN wrote: COMPANY REPORTED A MASSIVE JUMP IN PROFIT BEFORE TAX OF 1068% !!!!!!

All sectors recorded increases in revenue for 1Q2014 which contributed to the overall increase in the Group’s revenue by RM52.8 million or 407.6% to RM65.8 million from RM13.0 million in 1Q2013.

Revenue from the Offshore Engineering Sector (“OES”) increased by 897.3% to RM56.2 million from RM5.6 million in 1Q2013. This was contributed by: (i) increase in revenue from integrated engineering services or “IES” by 74.1% to RM9.8 million from RM5.6 million in 1Q2013; and (ii) revenue contribution from turnkey projects of RM46.4 million.

There was no revenue contribution from turnkey projects in the previous corresponding quarter. For 1Q2014, the
Group’s revenue from turnkey projects were predominantly contributed by two major turnkey contracts; i.e. the
Malikai Project (for the installation of an Integrated Tension Leg Platform with a three years contract value of
approximately RM313.0 million) and the FPSO Perintis decommissioning contract (for the decommissioning of a
Floating Production Storage and Offloading vessel offshore Malaysia with a contract value of RM52.0 million). The two projects, in aggregate, contributed revenue of RM44.1 million in 1Q2014. In addition, the Group was paid for rectification works as part of the cost recovery exercise by its US-based sub-contractor which amounted to RM2.6 million in respect of the D21 turnkey project in 1Q2014.

Revenue from the Mobile Natural Gas Sector increased by RM2.3 million to RM9.6 million from RM7.3 million in
1Q2013, due mainly to the conversion of business model from the combination of throughput and direct sales to direct sales of CNG only. The per unit sales price of compressed natural gas (“CNG”) for direct sales is higher as compared to the throughput model.

Please Log in or Create an account to join the conversation.

ZEN
Topic Author
Offline
Elite Member

9 years 11 months ago #19990 by ZEN

Replied by ZEN on topic IEV - PROMISING TURNAROUND COMPANY

MAJOR ACCUMULATION TODAY !!!

LOAD INTO THIS TURNAROUND STORY !!!! A $1+ STOCK BEFORE !!!

Please Log in or Create an account to join the conversation.

ZEN
Topic Author
Offline
Elite Member

9 years 11 months ago #19997 by ZEN

Replied by ZEN on topic IEV - PROMISING TURNAROUND COMPANY

PUT THIS INTO YOUR RADAR TODAY !!!

Please Log in or Create an account to join the conversation.

ZEN
Topic Author
Offline
Elite Member

9 years 11 months ago #20020 by ZEN

Replied by ZEN on topic IEV - PROMISING TURNAROUND COMPANY

Company sold all its shares in CNG Vietnam for a hefty profit which will be reflected in Q2 result .

Please Log in or Create an account to join the conversation.

ZEN
Topic Author
Offline
Elite Member

9 years 11 months ago #20034 by ZEN

Replied by ZEN on topic IEV - PROMISING TURNAROUND COMPANY

Look at RH PETROGAS , LINC ENERGY , REX ...ALL SURGING LIKE CRAZY

THE MOST CHEAPEST AND UNDERVALUED OIL AND GAS PLAYER IS IEV NOW !!!!!

The following user(s) said Thank You: Val

Please Log in or Create an account to join the conversation.

Val
Offline
Elite Member

9 years 11 months ago #20036 by Val

Replied by Val on topic IEV - PROMISING TURNAROUND COMPANY

The proceeds from the sale of CNG Viet are about S$10 mio --- all will be ploughed back into the business, esp the new Indon gas supply biz. Unfortunately, no hint of a dividend.

Please Log in or Create an account to join the conversation.

Time to create page: 0.215 seconds