News in brief

  • Business
  • Friday, 22 Aug 2003

Hock Seng Lee Bhd has, for the first time since its listing in 1996, declared an interim net dividend of 6%, following two quarters of fine results with pre-tax profit rising to RM12.44mil for the half-year to June 30, compared with RM6.7mil in the corresponding period of 2002. 

For the second quarter to June, it posted a group pre-tax profit of RM6.39mil on turnover of RM66.7mil. The 2002 corresponding period's pre-tax profit was RM3.62mil and turnover RM44.72mil. 

PUNCAK NIAGA HOLDINGS BHD’S first half-year to June net profit rose marginally to RM66.82mil from RM65.28mil a year earlier, on the back of a 0.9% increase in sales to RM288.86mil. It attributed the slight rise in sales to higher production from 26 water treatment plants. – AFX 

United Plantations Bhd'S pre-tax profit for the second quarter ended June 30, climbed to RM28.216mil from RM14.67mil in the same quarter of 2002, while its revenue jumped to RM117.333mil from RM76.316mil. 

For the half-year ended June 30, its pre-tax profit rose to RM61.260mil from RM25.306mil in the previous corresponding period. – Bernama 

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