TH Heavy Engineering Bhd operates in the Oil and gas field services sector.
In addition to historical fundamental analyses, the complete report available to purchase compares TH Heavy Engineering Bhd with three other
Oil and Gas Field Services in Asia:
Kejuruteraan Samudra Timur Berhad
sales of 5.77 million Malaysian Ringgits [US$1.42 million]
Recon Technology, Limited
(42.73 million Chinese Renmimbi [US$6.45 million]
United Drilling Tools Ltd
based in India
(350.81 million Indian Rupees [US$5.45 million]
Sales fell dramatically in 2016:
TH Heavy Engineering Bhd reported sales of 17.78 million Malaysian Ringgits (US$4.36 million)
December of 2016.
decrease of 82.3%
versus 2015, when the company's sales were 100.50 million Malaysian Ringgits.
The sales level in 2016 was fairly close to the level five years ago: in 2011, TH Heavy Engineering Bhd had sales
of 19.58 million Malaysian Ringgits.
Contributing to the drop in overall sales was the 87.7% decline
in Construction Services, from 116.90 million Malaysian Ringgits to 14.33 million Malaysian Ringgits.
However, these declines were partially offset by the increase in sales of
Offshore Crane Works (up 190.0% to 4.54 million Malaysian Ringgits)
Others (up 8.5% to 9.72 million Malaysian Ringgits)