Hup Seng Q4 earnings rise

Hup Seng's net profit for its fourth quarter rose to RM12.44mil from RM9.71mil, mainly due to improvement in sales contribution.

PETALING JAYA: Hup Seng Industries Bhd (HSIB) expects 2023 to be “a very challenging year,” as it expects the operating environment to remain highly competitive.

In a filing with Bursa Malaysia yesterday, the group said it will have to be cautious and stay vigilant.