April 16, 2014 6:42 AM ET

Commercial Services and Supplies

Company Overview of Hiap Huat Holdings Berhad

Company Overview

Hiap Huat Holdings Berhad, an investment holding company, engages in manufacturing, recycling, and refining various petroleum based products in Malaysia. The company offers wastes oil and solvent collection services and recycling services; and used drums collection services and recycling services. Its products include calcium grease comprising heavy grease, cup grease, and chassis grease; paints, such as emulsion paints, oxide primer, white undercoat, gloss paint, and wood preservatives; lubricating oils consisting of hydraulic oil, engine oil, and gear oil; recycle solvents, such as recycle thinner, IPA, and toluene; and other related products. The company is also involved in the distributi...

No. 46, Jalan E 1/2

Taman Ehsan Industrial Park

Kepong,  52100

Malaysia

Founded in 1985

Phone:

60 3 6274 2460

Fax:

60 3 6272 2584

Key Executives for Hiap Huat Holdings Berhad

Hiap Huat Holdings Berhad does not have any Key Executives recorded.

Hiap Huat Holdings Berhad Key Developments

Hiap Huat Holdings Berhad Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

Hiap Huat Holdings Berhad announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported revenue MYR 12,447,000 against MYR 11,054,000 a year ago. Profit before taxation was MYR 592,000 against loss before taxation of MYR 1,461,000 a year ago. Total comprehensive income attributable to equity owners of the company was MYR 582,000 against total comprehensive loss attributable to equity owners of the company of MYR 1,875,000 a year ago. Earnings per share attributable to the equity holders of the company were 0.17 sen against loss per share attributable to equity holders of the company of 0.65 sen a year ago. For the year, the company reported revenue MYR 42,578,000 against MYR 39,209,000 a year ago. Profit before taxation was MYR 2,827,000 against MYR 4,840,000 a year ago. Total comprehensive income attributable to equity owners of the company was MYR 2,530,000 against MYR 2,968,000 a year ago. Earnings per share attributable to the equity holders of the company were 0.76 sen against 1.151 sen a year ago. Net cash from operating activities was MYR 5,270,000 against MYR 1,191,000 a year ago. Purchase of property, plant and equipment was MYR 18,668,000 against MYR 2,991,000 a year ago.

Hiap Huat Holdings Berhad Reports Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

Hiap Huat Holdings Berhad reported consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported revenue of MYR 9,948,000 against MYR 9,870,000 a year ago. Profit before taxation was MYR 266,000 against MYR 2,623,000 a year ago. Total comprehensive income attributable to equity owners of the company was MYR 471,000 or 0.14 sen per share against MYR 2,241,000 or 0.90 sen per share a year ago. For the nine months, the company reported revenue of MYR 30,131,000 against MYR 28,155,000 a year ago. Profit before taxation was MYR 2,235,000 against MYR 6,451,000 a year ago. Total comprehensive income attributable to equity owners of the company was MYR 1,948,000 or 0.58 sen per share against MYR 4,982,000 or 2.01 sen per share a year ago. Net cash from operating activities was MYR 2,636,000 against MYR 3,220,000 a year ago. Purchase of property, plant and equipment was MYR 14,536,000 against MYR 2,483,000 a year ago.

Hiap Huat Holdings Berhad Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2013

Hiap Huat Holdings Berhad reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2013. For the quarter, revenue was MYR 10,592,000. Profit before taxation was MYR 1,033,000. Net profit was MYR 786,000 and earnings per share attributable to the equity holders of the company were 0.24 sen. There are no comparative figures available for the preceding year's corresponding quarter and period to date as the company was listed on the ACE Market of Bursa Securities on November 26, 2012. Revenue from recycled fuel oil and lubricant products remained as the larger contributor to the group's revenue which constituted approximately 60% of the group's total revenue. For the six months, revenue was MYR 20,183,000. Profit before taxation was MYR 1,969,000. Net profit was MYR 1,477,000 and earnings per share attributable to the equity holders of the company were 0.44 sen. Net cash from operating activities was MYR 2,591,000 and purchase of property, plant and equipment was MYR 10,764,000.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 10, 2013
Seven Office Suites within Sunway Nexis Soho
 

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