hock seng lee berhad (HSL) Snapshot

Hock Seng Lee Bhd announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue from continuing operations of MYR 135,085,000 against MYR 139,199,000 a year ago. Profit from operating activities was MYR 24,768,000 against MYR 24,784,000 a year ago. Profit before tax was MYR 26,083,000 against MYR 26,213,000 a year ago. Profit attributable to owners of the company was MYR 19,495,000 or 3.51 sen per basic share against MYR 19,599,000 or 3.58 per basic share a year ago. Net cash used in operating activities was MYR 5,560,000 against net cash from operating activities of MYR 16,208,000 a year ago. Acquisition of property, plant & equipment were MYR 4,896,000 against MYR 3,247,000 a year ago.

Hock Seng Lee Bhd approved final ordinary dividend of 10% per share less tax at 25% for the year ended December 31, 2012, which will be paid on June 18, 2013 to shareholders who are entitled to receive the dividend for shares transferred into the Depositor's Securities Account on June 7, 2013. The payment of special dividend of 3% per share less tax at 25% for the year ended December 31, 2012, which will be paid on June 18, 2013 to shareholders who are entitled to receive the dividend for shares transferred into the Depositor's Securities Account before June 7, 2013. The shareholders also approved amendments to Articles of Association of the company.

Hock Seng Lee Bhd announced special dividend of 3% per share of MYR 0.20 each less tax at 25% for the financial period ended December 31, 2012. the Ex-date is June 5, 2013 and the dividend will be payable on June 18, 2013 and entitlement date is June 7, 2013.