April 26, 2017 11:43 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 Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016; provides earnings guidance for the year ending December 31, 2017

Hiap Huat Holdings Berhad reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported revenue of MYR 13,097,000 against MYR 4,597,000 a year ago. Profit before tax was MYR 1,217,000 against loss before tax of MYR 1,937,000 a year ago. Net profit for the year, representing total comprehensive was MYR 1,121,000 against loss of MYR 1,422,000 a year ago. Earnings per share attributable to the equity holders of the company were MYR 0.34 against loss per share of MYR 0.43 per share a year ago. The increase in revenue was mainly due to the increase in sales of recycled oil products by 235.00% and new stream of revenue derived from recycled petrochemicals products in year 2016. For the year, the company reported revenue of MYR 28,815,000 against MYR 24,535,000 a year ago. Profit before tax was MYR 1,038,000 against loss of MYR 1,697,000 a year ago. Net profit for the year, representing total comprehensive was MYR 914,000 against loss of MYR 1,611,000 a year ago. Basic earnings per share was MYR 0.28 against loss per share of MYR0.48 per share a year ago. Net cash from operating activities was MYR 2,300,000 against MYR 1,690,000 for the same period a year ago. Purchase of property, plant and equipment was MYR 443,000 against MYR 3,210,000 for the same period a year ago. The increase in revenue was mainly due to the increase in sales of recycled petrochemicals products. The outlook for the financial year ending 31 December 2017 remains challenging due to uncertainty of the oil prices and global economy. This in turn may affect the demand for the Group's products and services and correspondingly assert a downward pressure on the Group's revenue and margins. Nonetheless, the Group is constantly undertaking continuous enhancements in production efficiencies, overhead and production cost management. In addition, the Group intends to enhance its product offerings to overseas market, which is expected to generate better sales and profitability.

Hiap Huat Holdings Berhad Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016; Reports Impairment Charge for the Third Quarter Ended September 30, 2016

Hiap Huat Holdings Berhad announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported revenue of MYR 5,689,000 compared to MYR 5,613,000 a year ago. Profit before taxation was MYR 533,000 compared to loss before taxation of MYR 417,000 a year ago. Total comprehensive income attributable to equity owners of the company was MYR 508,000 or 0.15 sen per share compared to loss of MYR 88,000 or 0.03 sen per share a year ago. For the nine months, the company reported revenue of MYR 15,718,000 compared to MYR 19,938,000 a year ago. Loss before taxation was MYR 179,000 compared to profit before taxation of MYR 240,000 a year ago. Total comprehensive loss attributable to equity owners of the company was MYR 204,000 or 0.06 sen per share compared to MYR 189,000 or 0.06 sen per share a year ago. Net cash from operating activities was MYR 792,000 compared to MYR 1,663,000 a year ago. Purchase of property, plant and equipment was MYR 370,000 compared to MYR 9,219,000 a year ago. For the third quarter ended September 30, 2016, the company Property, plant and equipment written off of MYR 166,000.

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.

Recent Private Companies Transactions

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