News Release

Deleum Posts Maintainable Half-year Results

Kuala Lumpur, 20 February 2016

Deleum Berhad (“Deleum” or the “Group”), a provider of diverse range of supporting specialised products and services to the oil and gas industry, reported a maintainable profit attributable to equity holders of the company of RM25.3 million for its half-year ended 30 June 2015, compared to RM25.7 million in the corresponding period.

The overall segment results increased from RM23.8 million in the corresponding quarter to RM24.2 million in Q2FY2015. The higher segment results in Q2FY2015 was largely attributable to the higher contribution from the Integrated Corrosion Solution (formerly known as Maintenance, Repair and Overhaul) segment. Nevertheless, a lower share of associates’ results has led to a marginal lower pre-tax profit of RM24.1 million compared to RM24.9 million in the corresponding quarter, representing a 3.4% drop.

The Group’s Integrated Corrosion Solution (ICS) segment recorded RM1.5 million increase in its segment results from a segment loss of RM0.4 million in the corresponding quarter to a segment profit of RM1.1 million in the current quarter due to improved work orders for corrosion protection and maintenance.