KUALA LUMPUR, 30 MARCH 2016 YINSON HOLDINGS BERHAD (“Yinson” or the “Group”), Malaysia’s premier integrated offshore production and support services provider, today announced its fourth quarter results for its financial period ended 31 January 2016 (“Q4FYE2016”) with a revenue of RM116.2 million translating to a 10.6% increase as compared to its corresponding quarter Q4FYE2015.

For the quarter under review, Yinson posted a profit after tax (“PAT”) of RM45.1 million. The Group has segregated its PAT into continuing operations and discontinued operations in view of the Group’s divestment exercise to streamline its business and become a full-fledge floating production storage and offloading (FPSO) player. The discontinued operations mainly consist of the transport segment, trading segment, provision of warehouses and rental from investment properties.

Yinson’s full year performance for its financial year ended 31 January 2016 (“FYE2016”) has reported a core profit of RM174.0 million, representing a 16.8% increase as compared to RM149.0 million in FYE2015. The increase in the Group’s core profit is largely due to increase in gross profit contribution from marine segment as a result of efficient cost control measures and higher contribution from its joints ventures and associates. Core profit shall exclude gains or losses deriving from, amongst others, non recurring items and unrealised foreign exchange differences.

Yinson’s continued operations reported a revenue of RM424.4 million and a PAT of RM211.0 million for the fiscal year. The strengthening of the US dollar against the Ringgit Malaysia was one of the contributions to the increase in revenue.

“Yinson has been steadily delivering results despite the looming turmoil in the FPSO and Oil & Gas industry. The management are constantly engaging our clients to ensure a strong working relationship with them by understanding their needs in the business. Also, it is the mandate of the management to negotiate and secure the best contracts for the company without compromising the interests of our clients as we strive for a win-win environment, especially in such a depressing Oil & Gas industry as we always value the relationship with our clients,” said Mr. Lim Han Weng, the Group Executive Chairman.