Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


September 03, 2015 8:53 AM ET

Commercial Services and Supplies

Company Overview of Hiap Huat Holdings Berhad

Company Overview

Hiap Huat Holdings Berhad, an investment holding company, manufactures, recycles, and refines various petroleum based products in Malaysia. The company offers wastes oil and wastes solvent; and used drums collection and recycling services. It also provides commercial recycled products that include chassis, cup, and heavy calcium greases; paints, including emulsion and gloss paints, oxide primer, white undercoat, and wood preservative; lubricant oils consisting of engine, gear, and hydraulic oils; and recycled solvents comprising recycle IPA, thinner, and recycle toluene. In addition, the company distributes paint and related products. Hiap Huat Holdings Berhad was founded in 1985 and is base...

Sunway Nexis

Block D-22-07

No 1, Jalan PJU 5/1 Kota Damansara

Petaling Jaya,  47810

Malaysia

Founded in 1985

Phone:

60 3 2106 9866

Fax:

60 3 2106 9863

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 Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Hiap Huat Holdings Berhad announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of MYR 7,281,000 compared to MYR 10,359,000 a year ago. Total comprehensive income attributable to equity owners of the company was MYR 322,000 or 0.10 sen per share compared to total comprehensive loss attributable to equity owners of the company of MYR 523,000 or 0.16 sen per share a year ago. The Group has recorded profit before taxation of MYR 0.73 million for the second quarter of 2015 under review as compared to a loss before taxation of MYR 0.07 million in the first quarter of 2015 mainly due to an increase in other income amounting to MYR 1.69 million arising from the gain from disposal of plant, property and equipment in the second quarter of 2015 under review. This was partly offset by the decrease in gross profit from MYR 2.25 million for the first quarter of 2015 to MYR 1.58 million for the second quarter of 2015 under review. For the six months, the company reported revenue of MYR 14,325,000 compared to MYR 18,793,000 a year ago. Profit before taxation was MYR 657,000 compared to loss before taxation of MYR 171,000 a year ago. Total comprehensive loss attributable to equity owners of the company was MYR 101,000 or 0.03 sen per share compared to MYR 298,000 or 0.09 sen per share a year ago. Net cash used in operating activities was MYR 479,000 compared to MYR 1,793,000 a year ago. Purchase of property, plant and equipment was MYR 8,624,000 compared to MYR 3,123,000 a year ago. The decrease in revenue was mainly due to the decrease in selling price in correspondence to the decrease in global oil prices. This decrease in revenue was also due to a decline in demand for recycled oil products.

Hiap Huat Holdings Berhad Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Hiap Huat Holdings Berhad announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company announced revenue of MYR 7,044,000 compared to MYR 8,434,000 for the same period a year ago. Loss before taxation was MYR 69,000 compared to profit before taxation of MYR 307,000 for the same period a year ago. Net loss for the financial period, representing total comprehensive income for the financial period was MYR 423,000 compared to net profit for the financial period, representing total comprehensive income for the financial period of MYR 225,000 for the same period a year ago. Loss per share attributable to the equity holders of the company were 0.13 sen compared to earnings per share attributable to the equity holders of the company of 0.07 sen for the same period a year ago. Net cash generated from operating activities was MYR 7,424,000 compared to net cash used in operating activities of MYR 3,710,000 a year ago. Purchase of property, plant and equipment was MYR 5,854,000 compared to MYR 2,317,000 for the same period a year ago. The decrease in revenue and profit before tax was mainly due to the decline in sales for recycled fuel oil products from major customer as well as lower revenue generated from the scheduled waste collection services, of which due to increased competition within the industry.

Hiap Huat Holdings Berhad Reports Audited Consolidated and Company Earnings Results for the Full Year Ended December 31, 2014

Hiap Huat Holdings Berhad reported audited consolidated and company earnings results for the full year ended December 31, 2014. For the year, on consolidated basis, reported revenue of MYR 36,608,297 against MYR 42,578,194 a year ago. Loss before tax was MYR 184,274 against profit before tax of MYR 2,826,979 a year ago. Loss attributable to ordinary equity holders of the parent was MYR 349,001 against profit attributable to ordinary equity holders of the parent of MYR 2,529,855 a year ago. Basic loss per share was MYR 0.10 against basic earnings per share of MYR 0.76 per share a year ago. Net cash used in operating activities was MYR 2,087,733 against net cash provided by operating activities of MYR 5,168,029 for the same period a year ago. Purchase of property, plant and equipment was MYR 6,106,411 against MYR 12,437,175 for the same period a year ago. Total net debts were MYR 27,906,306 compared to MYR 21,526,194 a year ago. For the year, the company reported revenue of MYR 2,054,281 against MYR 1,497,229 a year ago. Loss before tax was MYR 1,208,778 against profit before tax of MYR 77,104 a year ago. Loss attributable to ordinary equity holders of the parent was MYR 1,161,431 against profit attributable to ordinary equity holders of the parent of MYR 10,336 a year ago. Net cash used in operating activities was MYR 1,823,623 against net cash provided by operating activities of MYR 7,707,308 for the same period a year ago. Purchase of property, plant and equipment was MYR 4,822,749 against MYR 621,504 for the same period a year ago. Total net debts were MYR 4,197,668 compared to MYR 334,945 a year ago.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Hiap Huat Holdings Berhad, please visit www.hiaphuat.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.