Grand Winner for 2018 Chairman’s
Safety Award by ExxonMobil Exploration & Production Malaysia Inc. (EMEPMI)
NATIONALITY / AGE /GENDER
Malaysian / 48 / Female
DATE OF APPOINTMENT
7 November 2022
ACADEMIC / PROFESSIONAL QUALIFICATIONS
Bachelor of Laws. University of Hull, United Kingdom
Associate Member of The Malaysian Institute of Chartered Secretaries and Administrators (MAICSA)
Joined Deleum in June 2022 as General Manager - Group Corporate Services
Prior to joining Deleum. she served as the Senior Legal Manager and Company Secretary for HSS Engineers Berhad.
Independent Non-Executive Director
Datin Aisah Eden (Malaysian, aged 63, Female) was appointed to the Board on 30 June 2022.
Datin Aisah joined Sarawak Electricity Supply Corporation (“SESCO”) in 1984 and served in various capacities during her tenure with the organisation including her last held position as an Executive Vice President, Corporate Services of Sarawak Energy Berhad from 2015 to August 2019.
Datin Aisah holds a Master in Business Administration from University of Exeter in Exeter, United Kingdom and a Bachelor of Law (Honours) from Chelmer Institute of Higher Education (now known as Anglia Ruskin University, Essex, United Kingdom). She is a Barrister at Law. She was called to the Bar at Lincoln’s Inn, London in 1986.
During the tenure of her leadership, she led and drove Sarawak Energy Berhad’s focus on the social and environmental impact of hydro power development towards the global best practices viz the International Hydropower Association Sustainability Assessment Protocol. She also served as the Deputy President of the United Nation Global Compact Malaysia Steering Committee from 2018 to June 2019.
Datin Aisah has extensive corporate services experience covering a wide range of board, corporate-legal, strategic human resource, retail, shared services, sustainability and corporate social responsibility (“CSR”), government relations to managing brand and reputation.
Subsequent to her appointment to the Board on 30 June 2022, Datin Aisah has attended all four (4) Board Meetings of the Company held during the financial year ended 31 December 2022.
Independent Non-Executive Chairman
Tan Sri Dato’ Seri Shamsul Azhar bin Abbas (Malaysian, aged 70, Male) was appointed to the Board on 9 June 2022. He was redesignated as Senior Independent Non-Executive Director on 1 January 2023.
He joined Petroliam Nasional Berhad (“PETRONAS”) in 1975 and served in various capacities during his 40 years tenure with the organisation including his last held position as President and Chief Executive Officer of PETRONAS from 2010 to 2015.
During the tenure of his leadership, he guided PETRONAS in undertaking strategic landmark projects (both for PETRONAS and Malaysia), such as the Pengerang Integrated Refinery and Petrochemical Project (“RAPID”), the Bintulu Train 9 project, the construction of 2 PETRONAS Floating Liquified Natural Gas (LNG) facilities and Malaysia’s first Regasification terminal in Malacca.
Tan Sri was the President/Chief Executive Officer of MISC Berhad from 1 July 2004 until 31 December 2008 and was its Chairman from February 2010 to 1 August 2011. He also served as Pro-Chancellor of Universiti Teknologi PETRONAS, a member of the Board of Trustees of the Razak School of Government and the Chairman of the National Trust Fund of Malaysia. He was the Chairman of MMC Corporation Berhad and MMC Ports Holdings Sdn. Bhd. from 16 July 2015 to 31 August 2020. He retired as the Chairman of Sapura Energy Berhad on 7 May 2022.
Currently, he is also a Senior Independent Non-Executive Director of Enra Group Berhad.
KUALA LUMPUR, 23 FEBRUARY 2022 - Deleum Berhad (“Deleum” or the “Group”), a provider of a diverse range of supporting specialised products and services to the oil and gas industry, posted an 8.1% increase in pre-tax profit to RM32.1million for the year ended 31 December 2021 ("FY2021”).
This was despite a 4.9% lower revenue at RM558.4 million from RM587.4 million in the previous year.
The improvement in results was attributable to lower impairment charges on the operating assets, and higher share of results of a joint venture and associates.
The Group generated positive cash inflow of RM57.5 million from its operating activities resulting in a strong cash balance of RM192.7 million at the end of the financial year under review.
The Group has declared a second interim single tier dividend of 1.20 sen per share and it will be payable on 30 March 2022. This brings the total dividend declared for FY2021 to 2.20 sen per share or RM8.8 million and a dividend pay-out of 51.8%, in line with its dividend policy.
Power and Machinery (“P&M”)
The P&M segment turned in a 6.2% increase in revenue to RM391.0 million in FY2021. However, pre-tax profits fell by 10.8% to RM42.3 million due to lower contribution from valves and flow regulators, other ancillary services and third-party sales.
Oilfield Services (“OS”)
The OS segment reported a 4.8% fall in revenue to RM104.2 million in FY2021, but its pre-tax loss was 29.3% lower than the previous year at RM15.4 million. This was due to lower impairment charges on its operating assets at RM3.2 million against RM15.1 million recorded in the previous year.
Integrated Corrosion Solution (“ICS”)
Revenue of the ICS segment declined by 42.8% to RM62.6 million in FY2021 as a result of decreased maintenance service activities of its Maintenance, Construction and Modification operations.
The adverse change in sales mix together with downward pressure on project margins and provisions and write-offs on slow-moving or obsolete stocks contributed to the segment’s 21.3% lower profitability of RM3.3 million in the financial year under review.
With the nation’s vaccination progress approaching 80% in early February this year, the country is slowly embracing the notion of living with COVID-19 under the new normal. All sectors within the Malaysian economy are operating at almost similar pre-COVID-19 conditions albeit with strict adherence to the Standard Operating Procedures set by the authorities.
The recovery of the Oil and Gas sector is more visible now and the increasing demand for the commodity with the capital discipline exercised by oil producers is expected to keep the commodity price at a stable level. The increase in global rig count is expected to cascade to Asia and Malaysia especially.
Deleum expects to see a stability within the Group for the financial year ending 31 December 2022 as business activities increase gradually since the start of the year. With the business environment slowly recovering, Deleum will seek opportunities to identify and establish new business prospects to further strengthen the performance of the Group as the market fully recovers and to promote long term sustainability.
About Deleum Bhd
Deleum Berhad is an investment holding company and through its subsidiaries, provides a diverse range of supporting specialised products and services to the oil and gas industry, particularly in the exploration and production sector. Its range of products and services is distinguished according to its three (3) core business segments – Power and Machinery, Oilfield Services and Integrated Corrosion Solutions. Deleum is listed on the Main Market of Bursa Malaysia.
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