September 28, 2016 3:27 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, oils, and solvent chemical products in Malaysia. The company offers fuel oils for use in boilers, furnaces, and ovens; base oils; petrochemicals for industrial and commercial use; lubricants for use in passenger vehicles, commercial vehicles, and industrial machinery; and greases for use in automotive, construction, trucking, and manufacturing industries, as well as general industrial and maintenance applications. It also provides scheduled waste management services; laboratory services to chemical and manufacturing industries; and various distillation tolling servi...

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 Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended of June 30, 2016

Hiap Huat Holdings Berhad reported unaudited earnings results for the second quarter and six months ended of June 30, 2016. For the quarter, the company reported revenue of MYR 5,307,000 compared to MYR 7,281,000 a year ago. Loss before taxation was MYR 185,000 compared to profit before taxation of MYR 726,000 a year ago. Net loss for the period was MYR 185,000 compared to net profit for the period of MYR 322,000 a year ago. Loss per share was 0.05 sen compared to earnings per share of 0.10 sen a year ago. For the six months, the company reported revenue of MYR 10,029,000 compared to MYR 14,325,000 a year ago. Loss before taxation was MYR 712,000 compared to profit before taxation of MYR 657,000 a year ago. Net loss for the period was MYR 712,000 compared to MYR 101,000 a year ago. Loss per share was 0.21 sen compared to 0.03 sen year ago.Net cash from operating activities was MYR 508,000 compared to net cash used in operating activities of MYR 479,000 a year ago. Purchase of property, plant and equipment was MYR 331,000 compared to MYR 8,624,000 a year ago.

Hiap Huat Holdings Berhad Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2016

Hiap Huat Holdings Berhad reported unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported revenue of MYR 4,722,000 against MYR 7,044,000 a year ago. Loss before tax was MYR 527,000 against MYR 69,000 a year ago. Total comprehensive loss attributable to equity owners of the company was MYR 524,000 against MYR 423,000 a year ago. Loss per share (LPS) attributable to the equity holders of the company was 0.16 sen against 0.13 sen a year ago. Net cash used in operating activities was MYR 440,000 against net cash from operating activities of MYR 7,424,000 a year ago. Purchase of property, plant and equipment was MYR 229,000 against MYR 5,854,000 a year ago.

Hiap Huat Holdings Berhad, Annual General Meeting, May 24, 2016

Hiap Huat Holdings Berhad, Annual General Meeting, May 24, 2016, at 09:00 Singapore Standard Time. Location: Room Green II, Tropicana Golf & Country Resort Jalan Kelab Tropicana, 47410 Petaling Jaya Selangor Darul Ehsan Malaysia Agenda: To receive the audited consolidated financial statements for the financial year ended 31 December 2015 together with the Reports of the Directors and Auditors thereon; to approve the payment of Directors’ fees of MYR 132,000.00 to non-executive directors of the company for the financial year ended 31 December 2015; to re-elect two Directors retiring pursuant to the Company’s Articles of Association; to re-appoint Messrs UHY as Auditors of the Company and to authorise the Directors to fix their remuneration; and to discuss other business.

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