【ALAM 5115 交流专区】环境海事资源

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2020	31 Mar 2019	31 Mar 2020	31 Mar 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	104,434	27,611	104,434	27,611
2	Profit/(loss) before tax	-22,898	-4,305	-22,898	-4,305
3	Profit/(loss) for the period	-23,074	-4,386	-23,074	-4,386
4	Profit/(loss) attributable to ordinary equity holders of the parent	-22,715	-4,415	-22,715	-4,415
5	Basic earnings/(loss) per share (Subunit)	-2.10	-0.50	-2.10	-0.50
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 ($$)	0.3400		0.3600

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Type	Announcement
Subject	OTHERS
Description	DEVIATION BETWEEN UNAUDITED RESULTS AND AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019
1.     INTRODUCTION The Board of Directors of Alam Maritim Resources Berhad ("ALAM” or "the Company") has on 28 February 2020 submitted its Unaudited 4th Quarter Results for the Financial Year Ended 31 December 2019 (“4Q2019 Results”) to Bursa Malaysia Securities Berhad (“Bursa Securities”). The Company had on 3 July 2020 submitted its Audited Financial Statements for the Financial Year Ended 31 December 2019 (“AFS 2019”) to Bursa Securities. 2.     DEVIATION BETWEEN UNAUDITED RESULTS AND THE AUDITED FINANCIAL RESULTS (a) In compliance with Paragraph 9.19 (35) of the Main Market Listing Requirements of Bursa Securities, the Board of ALAM wishes to inform that that there is a deviation of about 10.65% between the Group’s Profit/(Loss) after Tax and Minority Interest (“PATAMI”) as stated in the 4Q2019 Results announced on 28 February 2020 and the AFS 2019. (b) The deviation is explained as follows:- AFS 2019 (RM’000) 4Q2019 Results (RM’000) Variance (RM’000) PATAMI for the year (79,479,150) (71,83,526) (7,647,624) (c) The major causes of the variances between the 4Q2019 Results and the AFS 2019 are reconciled as follows:- No. Items RM (i) Reversal of share of result of joint venture company i.e. Alam Radiance (L) Inc due to limitation of share of loss     13,236,297 (ii) Additional impairment of vessels   (10,719,641) (iii) Additional impairment of investment in joint venture company     (3,954,207) (iv) Adjustment on unrealised loss on foreign exchange     (7,638,783) (v) Prepayment recognised as Cost of Sales     (3,390,385) (vi) Loss on disposal of Setia Jaguh over recognised       2,535,843 (vii) Interest income recognised       1,012,536 (viii) Tax credit recognised          867,606 (ix) Reversal of over depreciation          403,111 Total     (7,647,624) (d) The debilitating impact of COVID-19, worsened by sudden plummet in crude oil prices has affected the entire oil and gas industry value chain.  This impact has resulted in the Company to recognise additional impairment on vessels and investment in joint venture companies and to further make the necessary reversal of share of result of joint venture company i.e. Alam Radiance (L) Inc (“ARLI”) due to limitation of share of loss of ARLI at the Group level, as reconciled under item b(i) to b(iii) above. (e) As per the announcement made to Bursa Malaysia on 16 December 2019, the Company had received a written consent from Messrs. Al Jafree Salihin Kuzaimi PLT (“Salihin”) to act as Auditors of the Company for the financial year ended 31 December 2019 pursuant to Section 264(5)(a)(b) of the Companies Act 2016, subsequent to the resignation of Messrs Afrizan Tarmili Khairul Azhar (“AFTAAS”) as Auditors of the Company as per the announcement made on 28 November 2019.  The change in auditors that was made at the end of the year 2019, had caused considerable time constraint for the Company and the new auditors to complete the year-end audit exercise. This has resulted in the necessary adjustments in the 4Q2019 Results as reconciled under item b(iv) to b(ix) above. The announcement is dated 16 July 2020.

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Type	Announcement
Subject	OTHERS
Description	AWARD OF RELEASE ORDER
1.         INTRODUCTION The Board of Directors of Alam Maritim Resources Berhad ("ALAM” or "the Company") is pleased to announce that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd has been awarded with the Release Order for FPSO Bertam Underwater Inspection in Lieu of Drydocking (UWILD) under the Provision of Pan Malaysia Underwater Services, Petroleum Arrangement Contractors for IPC Malaysia B.V. (“Contract”). 2.         THE CONTRACT The Contract which is valued at approximately RM9,934,000.00 has been commenced on 3 July 2020 and is expected to be completed on 4 August 2020. 3.         FINANCIAL EFFECTS The Contract is expected to contribute positively to the earnings and net tangible assets of ALAM and its group of companies for the financial year ending 31 December 2020. Notwithstanding this, the Contract will not have any material effect on the share capital and shareholding structure of ALAM. 4.         RISKS ASSOCIATED WITH THE CONTRACT The risk factors associated with the Contract include execution and operational risks such as skilled manpower, unexpected mechanical breakdown, weather and changes in political, economic and regulatory conditions. Throughout the years, ALAM has established its track record and expertise to undertake the Contract. In mitigating the risks, ALAM will closely monitor all planned activities as per the project schedule and ALAM adheres to the Quality, Health, Safety, Security and Environment - Integrated Management System in ensuring to continually deliver reasonable quality services. 5.         DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS None of the Directors or major shareholders of ALAM, or persons connected to them has any direct or indirect interest in the Contract. 6.         DIRECTORS' STATEMENT The Board of Directors of ALAM is of the opinion that the acceptance of the Contract is in the best interest of the Company. The announcement is dated 23 July 2020.

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Type	Announcement
Subject	OTHERS
Description	PROVISION OF SUBSEA INSPECTION, MAINTENANCE AND REPAIR SERVICES FOR PM3-CAA
1.         INTRODUCTION The Board of Directors of Alam Maritim Resources Berhad ("ALAM” or "the Company") is pleased to announce that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd. has been awarded with the respective Letter of Award under the Provision of Subsea Inspection, Maintenance and Repair Services for PM3-CAA (“the Contract”) from Repsol Oil & Gas Malaysia Limited. 2.         SALIENT TERMS OF THE CONTRACT The salient terms of the respective Contrct which will be on call basis are as follows:- Contract Value As per work order request by Repsol Oil & Gas Malaysia Limited Contract Duration Five (5) years Contract Effective Date 30 June 2020 1st  Vessel Mobilisation for year 2020 Mid-August 2020 3.         FINANCIAL EFFECTS The Contract is expected to contribute positively to the earnings and net tangible assets of ALAM and its group of companies for the financial year ending 31 December 2020 and thereafter within the duration of the Contract. Notwithstanding this, the Contract is not expected to have any material effects on the share capital and shareholding structure of the Company. 4.         RISKS ASSOCIATED WITH THE CONTRACT The risks factors associated with the Contract include execution and operational risks contributed by human or technical inefficiency, equipment and materials in compliance with the terms of the Contract, unexpected mechanical breakdown, as well as uncertainties in supply and price of materials, economic, regulatory and political conditions. Throughout the years, ALAM has established its track record and expertise to undertake this Contract. In mitigating the risks, ALAM will closely monitor all planned activities as per the project schedule and ALAM adheres to the Quality, Health, Safety, Security and Environment - Integrated Management System in ensuring to continually deliver reasonable quality services. 5.         DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in the above mentioned Contract. 6.         DIRECTORS' STATEMENT The Board of Directors of ALAM is of the opinion that the acceptance of the above mentioned Contract is in the best interest of the Company. The announcement is dated 4 August 2020.

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Type	Announcement
Subject	OTHERS
Description	PROVISION OF UNDERWATER SERVICES FOR VESTIGO PETROLEUM SDN BHD
1.         INTRODUCTION The Board of Directors of Alam Maritim Resources Berhad ("ALAM” or "the Company") is pleased to announce that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd has been awarded with the respective Letter of Award under the Provision of Underwater Services from Vestigo Petroleum Sdn. Bhd. (“Contract”). 2.         SALIENT TERMS OF THE CONTRACT The Contract which will be on call basis was effective from 7 July 2020 and shall be valid until 28 August 2023 unless otherwise terminated pursuant to the terms of the Contract. 3.         FINANCIAL EFFECTS The Contract is expected to contribute positively to the earnings and net tangible assets of ALAM and its group of companies for the financial year ending 31 December 2020 and thereafter within the duration of the Contract. Notwithstanding this, the Contract is not expected to have any material effects on the share capital and shareholding structure of the Company. 4.         RISKS ASSOCIATED WITH THE CONTRACT The risks factors associated with the Contract include execution and operational risks contributed by human or technical inefficiency, equipment and materials in compliance with the terms of the Contract, unexpected mechanical breakdown, as well as uncertainties in supply and price of materials, economic, regulatory and political conditions. Throughout the years, ALAM has established its track record and expertise to undertake this Contract. In mitigating the risks, ALAM will closely monitor all planned activities as per the project schedule and ALAM adheres to the Quality, Health, Safety, Security and Environment - Integrated Management System in ensuring to continually deliver reasonable quality services. 5.         DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS None of the Directors or major shareholders of ALAM, or persons connected to them has any direct or indirect interest in the Contract. 6.         DIRECTORS' STATEMENT The Board of Directors of ALAM is of the opinion that the acceptance of the Contract is in the best interest of the Company. The announcement is dated 6 August 2020.

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2020	30 Jun 2019	30 Jun 2020	30 Jun 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	54,408	66,397	158,843	94,008
2	Profit/(loss) before tax	527	-5,020	-22,372	-9,324
3	Profit/(loss) for the period	703	-5,112	-22,372	-9,496
4	Profit/(loss) attributable to ordinary equity holders of the parent	381	-4,279	-22,335	-8,693
5	Basic earnings/(loss) per share (Subunit)	0.00	-0.50	-2.00	-0.90
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 ($$)	0.3400		0.3600

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ALAM MARITIM RESOURCES BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Private Placement
Details of corporate proposal	Private Placement of up to 20% of the issued shares of Alam Maritim Resources Berhad
No. of shares issued under this corporate proposal	62,000,000
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.0806
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	1,306,882,405
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 428,002,746.740
Listing Date	24 Sep 2020

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2020	30 Sep 2019	30 Sep 2020	30 Sep 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	24,819	114,597	183,661	208,605
2	Profit/(loss) before tax	-10,636	1,176	-33,007	-8,148
3	Profit/(loss) for the period	-10,694	1,130	-33,064	-8,366
4	Profit/(loss) attributable to ordinary equity holders of the parent	-11,000	535	-33,334	-8,158
5	Basic earnings/(loss) per share (Subunit)	-0.80	0.10	-2.80	-0.90
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 ($$)	0.3500		0.3600

ALAM MARITIM RESOURCES BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Private Placement
Details of corporate proposal	Private Placement of up to 20% of the issued shares of Alam Maritim Resources Berhad
No. of shares issued under this corporate proposal	62,000,000
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.0803
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	1,368,882,405
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 432,981,346.740
Listing Date	11 Dec 2020

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ALAM MARITIM RESOURCES BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Private Placement
Details of corporate proposal	Private Placement of up to 20% of the issued shares of Alam Maritim Resources Berhad
No. of shares issued under this corporate proposal	97,776,400
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.0476
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	1,531,658,805
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 442,647,003.740
Listing Date	05 Oct 2021

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2021

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2021	30 Sep 2020	30 Sep 2021	30 Sep 2020
		$$'000	$$'000	$$'000	$$'000

1	Revenue	67,388	24,819	114,699	183,661
2	Profit/(loss) before tax	-4,808	-10,636	-26,382	-33,007
3	Profit/(loss) for the period	-4,808	-10,694	-26,382	-33,064
4	Profit/(loss) attributable to ordinary equity holders of the parent	-4,746	-11,000	-26,279	-33,334
5	Basic earnings/(loss) per share (Subunit)	-0.30	-0.80	-1.40	-2.80
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 ($$)	0.1500		0.2300

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Type	Announcement
Subject	OTHERS
Description	BURSA MALAYSIA SECURITIES BERHAD ("BURSA")S PN17 RELIEF MEASURES RESULTING IN ALAM MARITIM RESOURCES BERHAD TRIGGERING SUSPENDED CRITERIA BUT NOT CLASSIFIED AS A PN17 LISTED ISSUER
The Board of Directors of Alam Maritim Resources Berhad (“AMRB” or “the Company”) wishes to announce that the Company has triggered the prescribed criteria of Paragraph 2.1(e) of Practice Note 17 of the Main Market Listing Requirements of Bursa  ("Main LR"), where the auditors have highlighted a material uncertainty related to going concern in AMRB’s latest audited financial statements i.e. 31 December 2020 and the shareholders’ equity of the Company on a consolidated basis is 50% or less of share capital (excluding treasury shares) based on the unaudited third quarter results ended 30 September 2021. (Please refer attachment)

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3214585

Attachments Bursa Announcement PN 17 Suspended Criteria (Q3 results).pdf

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Type	Announcement
Subject	OTHERS
Description	INCORPORATION OF WHOLLY OWNED SUBSIDIARY BY ALAM MARITIM RESOURCES BERHAD'S SUBSIDIARY, ALAM MARITIM (M) SDN BHD
1. INTRODUCTION That ALAM MARITIM RESOURCES BERHAD (“AMRB” or “the Company”) wishes to announce that its subsidiary Alam Maritim (M) Sdn Bhd (“AMSB”) has incorporated a new wholly owned subsidiary under the Companies Act 2016 known as ATLAS MARINE SDN BHD, Registration No. 202201031354 (1477051­A) (“ATLAS”) on 24 August 2022 (“the Incorporation”). 2. INFORMATION ON THE INCORPORATION (i) The paid-up capital of ATLAS is RM50,000.00 made up of 50,000 Ordinary Shares at a price of RM1.00 each per share. The 50,000 Ordinary Shares are wholly held by AMSB. (ii) The intended principal business activities of ATLAS are ship­owning, managing, chartering and other shipping-related activities. 3. FINANCIAL EFFECTS OF THE INCORPORATION The incorporation will not have any material effect on the earnings per share, net assets per share, gearing and substantial shareholders’ shareholdings of AMRB and its subsidiaries for the financial year ending 30 June 2022. 4. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS None of the directors and/or major shareholders of AMRB and/or persons connected with them have any interest, whether direct or indirect, in the Incorporation. 5. STATEMENT BY THE BOARD OF DIRECTORS The Board of Directors of AMRB is of the opinion that the incorporation is in the best interest of the Company. This announcement is dated 2 September 2022.