Company Overview of Hiap Huat Holdings Berhad

Hiap Huat Holdings Berhad reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of MYR 9,591,000, profit before taxation of MYR 936,000 and total comprehensive income attributable to equity owners of the company of MYR 691,000 or 0.21 sen per share. Net cash used in operating activities was MYR 1,209,000. Purchase of property, plant and equipment was MYR 4,793,000. Revenue from recycled fuel oil and lubricant products remained as the large contributor to the group's revenue which constituted approximately 60% of the group's total revenue.

Hiap Huat Holdings Berhad announces redesignation of Soo Kit Lin from Non-Executive Director to Executive Director.

Hiap Huat Holdings Berhad reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported revenue of MYR 11,054,000. Loss before taxation was MYR 1,461,000. Total comprehensive loss attributable to equity owners of the parent was MYR 1,875,000 or 0.65 sen per basic and diluted share. For the year, the company reported revenue of MYR 39,209,000 compared to MYR 40,839,000 a year ago. Profit before taxation was MYR 4,988,000 compared to MYR 8,379,000 a year ago. Total comprehensive loss attributable to equity owners of the parent was MYR 3,105,000 or 1.20 sen per basic and diluted share compared to MYR 6,056,000 or 2.44 sen per basic and diluted share a year ago. Net cash from operating activities was MYR 1,607,000 compared to MYR 3,924,000 a year ago. Purchase of property, plant and equipment was MYR 8,336,000 compared to MYR 3,438,000 a year ago.