Hock Seng Lee Q2 net profit higher at RM16.43m


Sarawak-based infrastructure company Hock Seng Lee Bhd said value of projects in hand remained at an historical high of RM3.3bil.

KUALA LUMPUR: Sarawak-based infrastructure company Hock Seng Lee Bhd posted higher net profit of RM16.43mil in the second quarter ended June 30,2019 underpinned by higher revenue from its construction projects.

It said on Thursday the net profit increased by 16.4% from the RM14.12mil a year ago. Its revenue increased by 13.7% to RM175.41mil from RM154.24mil a year ago. Earnings per share were 2.99 sen compared with 2.57 sen. It declared an interim dividend of one sen a share, similar to a year ago.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Buyout proposal for Anglo American could reshape copper market
AI memory boom propels SK Hynix’s numbers
Ford profit up on sales of commercial vehicles
Wall St set to open lower as Meta Platforms, economic data weigh
Al-’Aqar REIT aims to acquire yield-accretive properties from KPJ Healthcare
Samenta wants micro enterprises to be exempted from e-invoicing
Pantech seeks Main Market listing for subsidiaries via SPV
Inta Bina secures RM224.80mil contract for serviced apartment project
UMediC transfers to Main Market
Ringgit closes marginally higher against US dollar

Others Also Read