Bursa Malaysia Stock Watch
Hock Seng Lee Q2 profit improves
kltrader
Publish date: Thu, 26 Aug 2010, 10:29 AM
kltrader
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Hock Seng Lee Bhd's (HSL) pre-tax profit for the second quarter ended June 30, 2010 rose to RM23.98 million from RM17.11 million in the same period last year.
Revenue rose to RM111.26 million from RM82.10 million previously.
In a statement today, its chairman, Senator Datuk Idris Buang, said the results surpassed 2009's.
'Given the number of procurement opportunities from Sarawak Corridor for Renewable Energy (SCORE), further expansion is on our agenda,' he said.
Idris said HSL has RM1.85 billion worth of projects in hand, of which RM1.14 billion were outstanding.
'The value of HSL's tender bids for infrastructure contracts in the last two months is about RM700 million. The results are expected before year-end,' he said.
He said the company has added RM262 million worth of new projects in 2010 so far.
'We can add further to our orders as we have tendered for several access roads to the hydro-dams under the SCORE programme,' he said.
The company has declared a first interim dividend of six per cent. -- Bernama
Revenue rose to RM111.26 million from RM82.10 million previously.
In a statement today, its chairman, Senator Datuk Idris Buang, said the results surpassed 2009's.
'Given the number of procurement opportunities from Sarawak Corridor for Renewable Energy (SCORE), further expansion is on our agenda,' he said.
Idris said HSL has RM1.85 billion worth of projects in hand, of which RM1.14 billion were outstanding.
'The value of HSL's tender bids for infrastructure contracts in the last two months is about RM700 million. The results are expected before year-end,' he said.
He said the company has added RM262 million worth of new projects in 2010 so far.
'We can add further to our orders as we have tendered for several access roads to the hydro-dams under the SCORE programme,' he said.
The company has declared a first interim dividend of six per cent. -- Bernama
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