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hiap seng engineering ltd (HSE) Snapshot

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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.

2,000 Employees
Last Reported Date: 11/10/14
Founded in 1950

hiap seng engineering ltd (HSE) Top Compensated Officers

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hiap seng engineering ltd (HSE) Key Developments

Hiap Seng Engineering Ltd Provides Unaudited Group Earnings Guidance for the Second Quarter and First Half of Ended Sep. 30, 2014

Hiap Seng Engineering Ltd. announce that, following a preliminary review of the unaudited financial results of the company and its subsidiaries for the second quarter and first half of ended 30 September 2014, the group is expected to record a net loss. The weaker than expected financial performance for both periods is attributable to cost overruns on certain projects.

Hiap Seng Engineering Ltd. Announces Unaudited Group Earnings Results for the First Quarter Ended June 30, 2014

Hiap Seng Engineering Ltd. announced unaudited group earnings results for the first quarter ended June 30, 2014. For the quarter, the group reported revenue of SGD 75,971,000 against SGD 54,592,000 a year ago. Profit from operations was SGD 1,148,000 against SGD 3,101,000 a year ago. Profit before tax was SGD 1,262,000 against SGD 3,035,000 a year ago. Profit attributable to owner of the parent was SGD 1,052,000 against SGD 2,634,000 a year ago. Diluted earnings per share were 0.35 cents against 0.87 cents a year ago. Net cash from operating activities was SGD 1,266,000 against net cash used in operating activities SGD 13,190,000 a year ago. Purchases of property, plant and equipment was SGD 980,000 against SGD 959,000 a year ago.

Hiap Seng Engineering Ltd, Annual General Meeting, Jul 29, 2014

Hiap Seng Engineering Ltd, Annual General Meeting, Jul 29, 2014., at 10:00 Singapore Standard Time. Location: Conference Room, 28 Tuas Crescent. Agenda: To receive and adopt the directors' report and audited financial statements of the company for the financial year ended 31 March 2014 together with the auditors' report thereon; to approve the payment of directors' fees of SGD 14,000 for the financial year ended 31 March 2014; to re-appoint Messrs PricewaterhouseCoopers LLP as the company's auditors and to authorise the directors to fix their remuneration; to transact any other ordinary business which may properly be transacted at an annual general meeting; to consider re-appointment of directors; and to consider authority to allot and issue shares.


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