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.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

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

Ringgit to trade in tight range of 4.46-4.48 versus US dollar next week
Reaping the Max from streaming
The ringgit recovery
EQ expands to Thailand
RHB, CGC in LCTF portfolio guarantee deal
Market struggles to find direction
Singapore playing roulette with casino licensing
Bidding big on Malaysian art
Inflation rises slightly in October
Building a firm facade

Others Also Read