DGAP-News: De Raj Group AG / Key word(s): Quarterly / Interim Statement/Incoming Orders De Raj Group AG started into fiscal year 2018 gaining long-term contract valued USD 386 million resulting in an order backlog of EUR 331 million at 31 March 2018 The De Raj Group AG finished its first quarter 2018 with revenue of EUR 3.4 million, a gross profit of EUR 1.8 million, an operating result (EBIT) on Group level of EUR 0.5 million resulting in a net profit of EUR 0.2 million in line with planning. Equity ratio increased from 80% at year-end 2017 to 82% backing future growth perspectives. In the coming quarters in 2018, Management expects to add to the order book a green project from the Malaysian Government, valued at USD 240 million for a seven-year period involving the change out of street lighting to LED lights on Federal Roads. This Government initiative has had very good results from a pilot project valued at USD 25 million undertaken over a seven-year period by our partner. De Raj Group's total personnel of 62 employees as of 31 March 2018 were split into 34 employees based in Indonesia (all of them are crew members for the rigs) and 28 employees based in Malaysia (15 of them represent management functions and 13 of them are engineers).
The complete Q1/3M 2018 Interim Statement is available and could be downloaded at:
The Oil & Gas division of the Group provides specialist services supported by IP patents for the full spectrum of the upstream Oil & Gas supply chain, particularly in the South East Asian region. The Group owns a diversified portfolio of assets comprising jack-up rigs and topside equipment. These jack-up rigs, with the readily available equipment can be modified quickly to suit client requirements for offshore facilities in the development of marginal fields, including as well enhancement of production in producing fields. This supports very well Oil companies desire for early monetisation of hydrocarbon with cost effective solutions. For further information:
29.05.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | De Raj Group AG |
Christophstr. 15-17 | |
50670 Cologne | |
Germany | |
Phone: | +49 221 299 85 07 |
Fax: | +49 221 299 85 08 |
Internet: | www.thederajgroup.com |
ISIN: | DE000A2GSWR1 |
WKN: | A2GSWR |
Indices: | WBI Wiener Börse Index |
Listed: | Regulated Unofficial Market in Frankfurt; Wien (Amtlicher Handel / Official Market) |
End of News | DGAP News Service |
690527 29.05.2018