Last $0.21 SGD
Change Today 0.00 / 0.00%
Volume 52.0K
HSE On Other Exchanges
Symbol
Exchange
Singapore
As of 5:04 AM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

hiap seng engineering ltd (HSE) Snapshot

Open
$0.21
Previous Close
$0.21
Day High
$0.21
Day Low
$0.21
52 Week High
07/25/13 - $0.30
52 Week Low
03/6/14 - $0.20
Market Cap
63.8M
Average Volume 10 Days
77.0K
EPS TTM
$-0.01
Shares Outstanding
303.8M
EX-Date
01/8/14
P/E TM
--
Dividend
$0.01
Dividend Yield
4.76%
Current Stock Chart for HIAP SENG ENGINEERING LTD (HSE)

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hiap seng engineering ltd (HSE) Details

Hiap Seng Engineering Ltd, an investment holding company, provides mechanical engineering, plant fabrication and installation, and plant maintenance services primarily for the petroleum and petrochemical industry. It operates in two segments, Plant Construction and Maintenance, and Compression and Process Equipment Fabrication. The company offers engineering, procurement, and construction services for various projects in the oil and gas, petrochemical and chemical, power and utilities, and pharmaceutical industries. Its also provides plant maintenance services that primarily includes mechanical, E&I and civil/buildings, refractory works, insulation works, blasting/painting works, and scaffolding services for refineries, petrochemical and chemical complexes, and pharmaceutical and power/utilities plants. In addition, the company is engaged in the fabrication and construction of storage tanks and terminals, pressure vessels, process piping and pipe rack modules, structural steel products, FPSO topside modules, compression modules, and process modules. It has operations in Singapore, Malaysia, Thailand, the People’s Republic of China, Vietnam, Africa, and other countries. The company was formerly known as Hiap Seng Engineering & Construction Pte Ltd. and changed its name to Hiap Seng Engineering Ltd in June 1999. Hiap Seng Engineering Ltd was founded in 1950 and is based in Singapore.

Founded in 1950

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Executives, Board Directors

hiap seng engineering ltd (HSE) Key Developments

Hiap Seng Engineering Ltd Announces Unaudited Group Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2014; Provides Earnings Guidance for the Financial Year Ending March 31, 2015

Hiap Seng Engineering Ltd. announced unaudited group earnings results for the fourth quarter and full year ended March 31, 2014. For the quarter, the group reported turnover was SGD 68.86 million against SGD 46.88 million a year ago. Profit from operations was SGD 0.858 million against loss of SGD 5.53 million a year ago. Profit before tax was SGD 1.14 million against loss of SGD 5.56 million a year ago. Profit attributable to owner of the parent was SGD 1.13 million against loss of SGD 4.54 million a year ago. Diluted earnings per share was 0.37 cents against loss of 1.49 cents a year ago. The better performance resulted mainly from the increased revenue and marginally improved gross margins in fourth quarter of 2014. Net cash used in operating activities was SGD 3.02 million against SGD 6.74 million a year ago. Purchases of property, plant and equipment was SGD 3.37 million against SGD 3.15 million a year ago. For the year, the group reported turnover was SGD 258.96 million against SGD 237.42 million a year ago. Loss from operations was SGD 3.36 million against profit of SGD 7.58 million a year ago. Loss before tax was SGD 3.18 million against profit of SGD 6.87 million a year ago. Loss attributable to owner of the parent was SGD 3.58 million against profit of SGD 7.53 million a year ago. Diluted loss per share was 1.18 cents against profit of 2.48 cents a year ago. Net cash used in operating activities was SGD 34.73 million against net cash generated from operating activities of SGD 1.63 million a year ago. Purchases of property, plant and equipment was SGD 7.76 million against SGD 7.83 million a year ago. The group's revenue and net profit for fiscal 2014 was mainly due to higher recognition of project revenue in 2014. Adjusted EBITDA was SGD 1.9 million against SGD 10.67 million a year ago. The company announced, in view of keen competition, escalating labour costs and potential cost overruns on certain projects, the Directors of the company are not optimistic about the Group's performance for the financial year ending March 31, 2015.

Hiap Seng Engineering Limited Announces Unaudited Group Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013

Hiap Seng Engineering Limited announced unaudited group earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported turnover of SGD 66,535,000 compared to SGD 68,621,000 a year ago. This was mainly due to lower recognition of project revenue. Profit from operations was SGD 1,265,000 compared to SGD 2,691,000 a year ago. Profit before tax was SGD 1,371,000 compared to SGD 2,595,000 a year ago. The net profit attributable to shareholders declined to SGD 1,131,000 compared to SGD 2,924,000 a year ago. Basic and diluted earnings per share were 0.37 cents compared to 0.96 cents a year ago. Net cash outflow from operating activities was SGD 14,587,000 compared to SGD 3,407,000 a year ago. Purchases of property, plant and equipment was SGD 2,752,000 compared to SGD 1,758,000 a year ago. For the quarter, turnover was a marginal 3.0% lower than the previous corresponding period. This was mainly due to lower recognition of project revenue. For the nine months ended December 31, 2013, the company reported turnover of SGD 190,100,000 compared to SGD 190,534,000 a year ago. This was mainly due to cost overruns on certain projects and escalating labour costs. Loss from operations was SGD 4,220,000 compared to profit from operations of SGD 13,105,000 a year ago. Loss before tax was SGD 4,319,000 compared to profit before tax of SGD 12,429,000 a year ago. The Group incurred a net loss attributable to shareholders of SGD 4,712,000 compared to a net profit attributable to shareholders of SGD 12,064,000 a year ago. Basic and diluted loss per share was 1.55 cents compared to basic and diluted earnings per share of 3.97 cents a year ago. Net cash outflow from operating activities was SGD 31,702,000 compared to net cash inflow from operating activities of SGD 8,375,000 a year ago. Purchases of property, plant and equipment was SGD 2,752,000 compared to SGD 1,758,000 a year ago. Purchases of property, plant and equipment was SGD 4,389,000 compared to SGD 4,685,000 a year ago. For the nine months ended December 31, 2013, the Group's turnover was relatively flat was mainly due to cost overruns on certain projects and escalating labour costs.

Hiap Seng Engineering Limited Declares Interim One-Tier Tax Exempt Dividend, Payable on January 28, 2014

Hiap Seng Engineering Limited declared interim one-tier tax exempt dividend of 0.5 cents per ordinary share for the financial year ending March 31, 2014. The payable date is January 28, 2014. .

 

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