Commercial Services and Supplies
Company Overview of Hiap Huat Holdings Berhad
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
Founded in 1985
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 Reports Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013
Nov 28 13
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
Aug 22 13
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.
Hiap Huat Holdings Berhad, Annual General Meeting, Jun 26, 2013
Jun 3 13
Hiap Huat Holdings Berhad, Annual General Meeting, Jun 26, 2013., at 07:30 Indian Standard Time. Location: Room Green III, Tropicana Golf & Country Resort. Agenda: To receive the audited financial statements for the financial year ended December 31, 2012 together with the reports of the directors and auditors thereon; to approve the payment of directors' fees of MYR 59,000.00 to non-executive directors of the company for the financial year ended December 31, 2012; to re-elect Soo Kit Lin, Chow Pui Ling and Woo Yew Tim; to re-appoint Messrs. UHY as auditors of the company and to authorize the directors to fix their remuneration; to authorize the directors to allot and issue shares of the company; and to transact any other business of the company.
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