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April 25, 2015 8:15 PM 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 solvent collection services and recycling services; and used drums collection service and recycling services. It also provides commercial recycled products, which include calcium grease, such as chassis grease, cup grease, and cup grease; paints, including emulsion paints, gloss paints, oxide primer, white undercoat, and wood preservatives; lubricant oils consisting of engine oil, engine oil, and hydraulic oil; and recycled solvents comprising recycle IPA, thinner, and toluene. In addition, the company distributes paint ...

No. 46, Jalan E 1/2

Taman Ehsan Industrial Park

Kepong,  52100

Malaysia

Founded in 1985

Phone:

60 3 6274 2460

Fax:

60 3 6272 2584

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 Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Hiap Huat Holdings Berhad reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenue of MYR 8,645,000 against MYR 12,447,000 a year ago. Loss before tax was MYR 17,000 against profit before tax of MYR 592,000 a year ago. Profit attributable to ordinary equity holders of the parent was MYR 160,000 against MYR 582,000 a year ago. Basic earnings per share were MYR 0.05 against MYR 0.17 per share a year ago. For the year, the company reported revenue of MYR 36,655,000 against MYR 42,578,000 a year ago. Loss before tax was MYR 184,000 against profit before tax of MYR 2,827,000 a year ago. Loss attributable to ordinary equity holders of the parent was MYR 349,000 against profit attributable to ordinary equity holders of the parent of MYR 2,530,000 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 2,107,000 against net cash provided by operating activities of MYR 5,167,000 for the same period a year ago. Purchase of property, plant and equipment was MYR 6,437,000 against MYR 12,437,000 for the same period a year ago.

Hiap Huat Holdings Berhad Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Hiap Huat Holdings Berhad announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of MYR 9,217,000 compared to MYR 9,948,000 a year ago. Profit before taxation was MYR 4,000 compared to MYR 266,000 a year ago. Total comprehensive loss attributable to equity owners of the company was MYR 211,000 or 0.06 sen per share compared to total comprehensive income attributable to equity owners of the company of MYR 471,000 or 0.14 sen per share a year ago. The decrease in revenue was mainly due to the decreasing demand for the group's paint and solvent products as well as scheduled waste collection. For the nine months, the company reported revenue of MYR 28,010,000 compared to MYR 30,131,000 a year ago. Loss before taxation was MYR 167,000 compared to profit before taxation of MYR 2,235,000 a year ago. Total comprehensive loss attributable to equity owners of the company was MYR 509,000 or 0.15 sen per share compared to total comprehensive income attributable to equity owners of the company of MYR 1,948,000 or 0.58 sen per share a year ago. Net cash used in operating activities was MYR 932,000 compared to net cash from operating activities of MYR 5,167,000 a year ago. Purchase of property, plant and equipment was MYR 3,131,000 compared to MYR 12,437,000 a year ago.

Hiap Huat Holdings Berhad Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Hiap Huat Holdings Berhad reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of MYR 10,359,000 compared to MYR 10,592,000 a year ago. Loss before tax was MYR 478,000 compared to profit before tax of MYR 1,033,000 a year ago. Loss attributable to ordinary equity holders of the parent was MYR 523,000 or 0.16 per share compared to profit attributable to ordinary equity holders of the parent of SGD 786,000 or MYR 0.24 per basic share a year ago. Acquisition of property, plant and equipment was MYR 9,988,000. For the six months, the company reported revenue of MYR 18,793,000 compared to MYR 20,183,000 a year ago. Loss before tax was MYR 171,000 compared to profit before tax of MYR 1,969,000 a year ago. Loss attributable to ordinary equity holders of the parent was MYR 298,000 or 0.09 per share compared to profit attributable to ordinary equity holders of the parent of SGD 1,477,000 or MYR 0.44 per basic share a year ago. The decrease in revenue was mainly due to the decrease in revenue generated from the sales of lubricant, paint and solvent products as well as schedule waste collection. Nevertheless, this is offset by the stronger sales of recycled fuel oil products from existing customers.

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