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Hap Seng Consolidated posts pre-tax profit of RM801.58 mln for FY13

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Hap Seng Consolidated posts pre-tax profit of RM801.58 mln for FY13 Empty Hap Seng Consolidated posts pre-tax profit of RM801.58 mln for FY13

Post by Cals Fri 28 Feb 2014, 01:28

Hap Seng Consolidated posts pre-tax profit of RM801.58 mln for FY13
Business & Markets 2014
Written by Bernama   
Thursday, 27 February 2014 20:16

KUALA LUMPUR (Feb 27): Hap Seng Consolidated Bhd posted a pre-tax profit of RM801.58 million, for the financial year ended Dec 31, 2013, up from RM681.58 million the previous year.

Revenue declined to RM3.49 billion, from RM3.96 billion previously, said the property-to-fertilisers conglomerate, in a filing to Bursa Malaysia today.

Earnings per share improved to 28.7 sen, from 19.79 sen.

Profit before tax in the fourth quarter, rose to RM227.15 million, from RM214.28 million in the corresponding period, a year ago, while revenue was down to RM1.03 billion, from RM1.13 billion.

"The lower revenue in the quarter, was due to lower contribution from the fertiliser trading and automotive divisions.

"However, the plantation division saw a five per cent improvement in revenue, to RM142.8 million," it said.
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