Fire breaks out at Heng Huat Resources’ factory

During the quarter in review, the car distributor registered a net profit of RM32.82mil compared with RM19.43mil in the corresponding period last year. Consequently, its earnings per share jumped to 8.4 sen from 4.97 previously

KUALA LUMPUR: Heng Huat Resources Group Bhd’s plant in Gua Musang, Kelantan, which caught fire early on Thursday morning, will resume operations within two weeks.

In a filing with Bursa Malaysia, the biomass material and fibre mattress maker said fire broke out at about 1am at the plant belonging to its wholly-owned subsidiary HK Gua Musang Sdn Bhd.

It said no one was injured in the incident and the production floor was not “severely affected”, adding that the assets were covered by insurance.

“The fire department and insurance representatives are still conducting investigation to ascertain the cause of the fire. As such, the company has yet to ascertain the full financial impact and consequences of the incident,” it said.

Heng Huat said the board would make further announcement whenever there was new development as well as finding of any significant financial impact on the company.