Hap Seng 1Q net profit slightly higher at RM160.3m


Hap Seng Consolidated Bhd's net profit profit rose by 1.5% to RM160.37mil in the first quarter ended March 31,2020 from RM157.98mil a year ago due to better results from the property and credit financing divisions.

KUALA LUMPUR: Hap Seng Consolidated Bhd's net profit profit rose by 1.5% to RM160.37mil in the first quarter ended March 31,2020 from RM157.98mil a year ago due to better results from the property and credit financing divisions.

It said on Friday its revenue, however, slipped by 15.6% to RM1.47bil from RM1.75bil a year ago. Earnings per share were 6.44 sen compared with 6.35 sen. It rewarded shareholders with a dividend of 10 sen a share, slightly lower than the 15 sen a year ago.

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