Harbour - Link Group Berhad

In its last annual report, dated October 2019, the company reported full financial year revenues of 594 million ringgit ($143.7 million) and profit after taxes of 29.2 million ringgit ($7.1 million). It had total assets of 651 million ringgit ($157.6 million), of which about 323 million ringgit ($78.2 million) were current assets. It had total liab... ilities of 189.7 million ringgit ($45.9 million) of which about 133.2 million ringgit ($32.2 million) were current liabilities. The origins of the group date back to 1975 when the founders of the company offered freight forwarding services in the eastern Malaysian state of Sarawak. Harbour Link Group was incorporated in 2002 and it listed on the Bursa Malaysia in January 2004. Business lines include general, heavy lift and containerized trucking; freight forwarding and associated services; warehousing and container yard operations; along with heavy plant (forklifts, cranes, excavators, etc.) and trucking leasing and rentals. The company operates a fleet of prime movers, cargo lorries, dump trucks and refrigerated containers for handling a wide variety of trucked cargo from the company's main location at Bintulu, in eastern Malaysia on the island of Borneo. The group also offers marine services such as tugs and towage; port stevedoring and shipping agency services. Harbour Link also set up an intra-Asia container line service in 2005, which has expanded operations over time. Today, the group runs the peninsular Malaysia and Malaysian Borneo trade and also serves several east Asian destinations. These include Nhava Sheva and Chennai in India; Colombo in Sri Lanka; Belawan, Jakarta Semarang and Surabaya in Indonesia; Yangon in Myanmar; Bangkok in Thailand; Ho Chi Minh City and Hai Phong in Vietnam; Hong Kong, Guangzhou, Shantou, Shenzhen, Xiamen, Fuzhou, Ningbo, Shanghai, Qingdao, Dalian and Tianjin in mainland China; Keelung, Taichung and Kaohsiung in Taiwan; Incheon and Pusan in South Korea; and Kobe, Osaka, Nagoya, Yokohama and Tokyo in Japan.Read More