Hap Seng Consolidated Bhd / Lau Cho Kun

[winston]

vested

Hap Seng's 4Q profit jumps fourfold on higher contributions from plantation, property segments

By Izzul Ikram

For the full FY2024, Hap Seng’s net profit declined 18.7% to RM650.48 million from RM800.33 million a year ago, as revenue slipped 7.5% to RM5.63 billion versus RM6.09 billion previously.

Source: theedgemalaysia.com

https://theedgemalaysia.com/node/746135

[winston]

vested

1Q Results:-

Revenue: -12%; RM 1.2b
EPS: -26%; RM 102m
Net Asset: RM 3.25

https://www.bursamalaysia.com/market_in ... id=3557298

[winston]

vested

Hap Seng Consolidated reports 26% decline in 1Q net profit, maintains 10 sen per share dividend

By Myia S Nair

Reported a 26% decline in net profit for the first quarter from a year earlier, dragged down by the conglomerate’s property, financing, automotive, and trading businesses.

Revenue declined 12% year-on-year to RM1.18 billion, cushioned by higher revenue from plantation and building materials divisions.

At its property division, where operating profit fell 8%, Hap Seng flagged that the commercial properties outlook could stay tough due to a surge in new office space, though its investment properties would perform “favourably” with a stable portfolio while its hotels will benefit from an influx of tourists.

A decline in car sales dragged automotive segment profit down by 43%.

Operating profit at its trading business meanwhile slumped 17% due to lower demand for fertilisers.

The building material business, which saw a 2% rise in operating profit in 1QFY2025, would be affected by ongoing trade tensions.

Source: theedgemalaysia.com

https://theedgemalaysia.com/node/757123

[winston]

vested

Hap Seng Consolidated 2Q net profit slips 15.5% to RM143.7 mil

By John Lai

Softer results of its plantation, credit financing, automotive and trading divisions.

Revenue fell 8.4% to RM1.296 billion from RM1.415 billion,

Source: theedgemalaysia.com

https://theedgemalaysia.com/node/768607