Perisai Petroleum Teknologi Bhd announced unaudited consolidated earnings results for the second quarter and six months ended December 31, 2017. For the quarter the company reported Revenue of MYR 27,697,000 against MYR 38,268,000 a year ago. Profit before tax was MYR 39,011,000 against MYR 15,270,000 a year ago. Profit attributable to owners of the company was MYR 40,776,000 or 3.23 sen per basic and diluted share against MYR 10,249,000 or 0.82 sen per basic and diluted share a year ago. The decrease in revenue was mainly due to the expiry of the charter contract for the eight offshore support vessels in August 2017. The higher PBT recorded was mainly due to surplus of MYR 79.75 million arising from deconsolidation of Perisai Pacific 102 (L) Inc, an indirect subsidiary of the Company as a result of winding up by the Court as disclosed in Note B 8(i) and there being no impairment on plant and equipment and prepayment in the current quarter ended 31 December 2017 despite the expiry of the contract for the eight offshore support vessels and Perisai Kamelia in August 2017 and May 2017 respectively. For the six months, the company reported Revenue of MYR 67,588,000 against MYR 77,182,000 a year ago. Loss before tax was MYR 5,376,000 against MYR 285,343,000 a year ago. Loss attributable to owners of the company was MYR 1,393,000 or 0.11 sen per basic and diluted share against MYR 283,054,000 or 22.71 sen per basic and diluted share a year ago. Net cash generated from operating activities was MYR 22,553,000 against MYR 3,295,000 a year ago. Purchase of plant and equipment was MYR 7,000 against MYR 812,000 a year ago. The decrease in revenue was mainly due to the expiry of the charter contract for the eight offshore support vessels in August 2017. The lower LBT recorded was mainly due to surplus of MYR 79.75 million in other income arising from the deconsolidation of Perisai Pacific 102 (L) Inc, an indirect subsidiary of the Company as a result of winding up by the Court as disclosed in Note B8(i) and there being no impairment on investment in joint venture, plant and equipment and prepayment in the current period ended 31 December 2017 despite the expiry of the contract for the eight offshore support vessels and Perisai Kamelia in August 2017 and May 2017 respectively.