 |
|||||
 |
 |
 |
 |
|
 |
|
|
||||||||||||
 |
|||||||
 |
|
||||||
 |
|||||||
| News Coverage Ramunia expects revenue to reach RM193 million The Star 29 January 2005 NEWLY-LISTED oil and gas engineering and heavy-fabrication group Ramunia Holdings Bhd expects revenue of about RM193 mil for its financial year ending Oct 31, 2005, up from the estimated RM161 mil for 2004 as stated in its prospectus issued in December last year. Managing Director, Arshad Ahmad said the company was confident of achieving the target as its order book currently stood at about RM120 mil. Speaking at Ramunia's listing ceremony in Kuala Lumpur yesterday, he said the company expected its proposed joint venture to contribute about RM10 mil in the first year of operation. Ramunia will partner two companies to manufacture heavy equipment and machinery for offshore use. Arshad said the company was also looking at expanding its marine support facilities, and would be procuring a few marine vessels. On its first day of trading after taking over the listing status of Saship Holdings Bhd, Ramunia opened at 75 cent for a premium of 25 cent over its initial public offer price of 50 cent. It closed at 71.5 cent on volume of 25.5 million shares after trading between a low of 68 cent and a high of 77 cent. Incorporated in Nov 2003, Ramunia is the parent company of Teluk Ramunia Yard and Ramunia Fabricators Sdn Bhd, both fabricators of offshore platform. Bernama.
|
 |
 |
 |
