Hong Seng posts RM3.04mil profit in 3Q


Hong Seng executive chairman Datuk Teoh Hai Hin

KUALA LUMPUR: Hong Seng Consolidated Bhd saw its net profit rose to RM3.04mil in the third quarter ended Dec 31, 2020, compared with a net loss of RM574,000 in the same period a year ago.

Its revenue surged 3,000% to RM25.29mil from RM749,000, the highest in 10 years for any quarter.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

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!

Hong Seng

   

Next In Business News

Surplus will remain the buzzword for oil markets in 2025 despite OPEC+ move
BOJ debated need for caution in raising rates, Oct minutes show
Tuju Setia jumps 18% on RM389mil construction contract
Amicorp Group denies alleged fraud of over US$7bil in 1MDB scandal
FBM KLCI up in early trade, tracking Wall Street gains
Ringgit edges higher against US dollar despite stronger dxy
Trading ideas: Capital A, Tuju Setia, TNB, Coastal Contracts, DNeX, Powerwell, TM, MFM
Wall Street ends higher on gains by most megacaps
Hedge funds cut exposure to nuclear power stocks
Honda-Nissan merger driven by China threat

Others Also Read