KUALA LUMPUR (Feb 28): Sarawak-based infrastructure company HOCK SENG LEE BHD [] recorded net profit of RM26.14 million in the fourth quarter ended Dec 31, 2011, up 20.8% from the RM21.62 million a year ago, boosted by the strong performance of its marine and civil engineering businesses.
It said on Tuesday its revenue increased by 5.5% to RM158.58 million from RM150.26 million. Earnings per share were 4.76 sen compared with 3.97 sen.
For FY11, its net profit rose 18.8% to RM87.26 million from RM73.43 million a year ago while revenue increased by 19.1% to RM581.51 million from RM488.27 million.
“HSL Group’s net annual profit before tax for the financial year ended Dec 31, 2011 breached the RM100 million mark when it rose to RM116.60 million up 18% from 2010’s year-end figure of RM98.42 million,” it said.
Managing director Datuk Paul Yu announced that for FY11, the board recommended a final ordinary dividend of 9% and a special dividend of 3%.
It said on Tuesday its revenue increased by 5.5% to RM158.58 million from RM150.26 million. Earnings per share were 4.76 sen compared with 3.97 sen.
For FY11, its net profit rose 18.8% to RM87.26 million from RM73.43 million a year ago while revenue increased by 19.1% to RM581.51 million from RM488.27 million.
“HSL Group’s net annual profit before tax for the financial year ended Dec 31, 2011 breached the RM100 million mark when it rose to RM116.60 million up 18% from 2010’s year-end figure of RM98.42 million,” it said.
Managing director Datuk Paul Yu announced that for FY11, the board recommended a final ordinary dividend of 9% and a special dividend of 3%.
