TANJUNG OFFSHORE BERHAD
TANJUNG OFFSHORE BERHAD
TANJUNG OFFSHORE BERHAD
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<strong>TANJUNG</strong> <strong>OFFSHORE</strong> <strong>BERHAD</strong> (662315-U)<br />
ANNUAL REPORT 2009<br />
MANAGING DIRECTOR’S REVIEW<br />
On behalf of the Board of Directors (“Board”)<br />
of Tanjung Offshore Berhad (“Tanjung” or<br />
“Company”) and its subsidiaries (“Tanjung<br />
Group” or “Group”), I am pleased that the<br />
Group’s performance has remain resilient<br />
in a challenging fi nancial year. The price<br />
volatility of oil has created uncertainties<br />
in the industry which resulted in oil<br />
majors reassessing their investments and<br />
spending in exploration, development<br />
and production activities. Despite this<br />
challenging environment, we continue<br />
to experience revenue growth and<br />
maintaining profi tability during the year<br />
under review.<br />
During the FYE 2009, the Group registered<br />
total revenue of RM649.65 million which<br />
represented an increase of 13.13% as<br />
compared to that recorded in the previous<br />
FYE 2008 of RM574.27 million. During the<br />
fi nancial year under review, total profi t<br />
after taxation reduced by 88% to RM3.62<br />
million as compared to RM31.45 million in<br />
FYE 2008.<br />
HAJI OMAR BIN KHALID<br />
Managing Director<br />
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