Hap Seng posts higher net profit of RM156.30mil in 1Q

KUALA LUMPUR: Hap Seng Consolidated Bhd registered a higher net profit of RM156.30 million in the first quarter ended March 31, 2022 (Q1 2022) from RM120.83 million last year, thanks to growth recorded in most segments.

Revenue increased to RM1.64 billion from RM1.28 billion previously, mainly attributable to higher revenue contribution from plantation, automotive, trading and building materials divisions, it said in a filing to Bursa Malaysia.