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Barakah Offshore Petroleum Bhd (XKLS:7251) Retained Earnings : RM-184.6 Mil (As of Dec. 2023)


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What is Barakah Offshore Petroleum Bhd Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Barakah Offshore Petroleum Bhd's retained earnings for the quarter that ended in Dec. 2023 was RM-184.6 Mil.

Barakah Offshore Petroleum Bhd's quarterly retained earnings declined from Jun. 2023 (RM-176.1 Mil) to Sep. 2023 (RM-177.0 Mil) and declined from Sep. 2023 (RM-177.0 Mil) to Dec. 2023 (RM-184.6 Mil).

Barakah Offshore Petroleum Bhd's annual retained earnings increased from Jun. 2021 (RM-256.1 Mil) to Jun. 2022 (RM-172.4 Mil) but then declined from Jun. 2022 (RM-172.4 Mil) to Jun. 2023 (RM-176.1 Mil).


Barakah Offshore Petroleum Bhd Retained Earnings Historical Data

The historical data trend for Barakah Offshore Petroleum Bhd's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Barakah Offshore Petroleum Bhd Retained Earnings Chart

Barakah Offshore Petroleum Bhd Annual Data
Trend Dec12 Sep13 Dec15 Dec16 Dec17 Jun19 Jun20 Jun21 Jun22 Jun23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -341.13 -320.45 -256.10 -172.36 -176.13

Barakah Offshore Petroleum Bhd Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -166.25 -165.41 -176.13 -177.05 -184.56

Barakah Offshore Petroleum Bhd Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Barakah Offshore Petroleum Bhd  (XKLS:7251) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Barakah Offshore Petroleum Bhd (XKLS:7251) Business Description

Traded in Other Exchanges
N/A
Address
Kota Damansara PJU 5, Level 6, Menara Mitraland, No.13A, Jalan PJU 5/1, Petaling Jaya, SGR, MYS, 47810
Barakah Offshore Petroleum Bhd is a Malaysia-based investment holding company. It is involved in the oil and gas industry in Malaysia. The company's business portfolio comprises Pipeline Services; Offshore Transportation and Installation; Topside major Maintenance and Hook-up Commissioning; EPCC (Engineering, Procurement, Construction and Commissioning) Onshore Pipeline and Construction; Underwater Services; Ship Management and Chartering; and Technology, Mineral Operation, and Services. It mainly caters to the oil and gas industry.

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