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July 02, 2015 6:49 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 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 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.

Hiap Huat Holdings Berhad, Annual General Meeting, Jun 22, 2015

Hiap Huat Holdings Berhad, Annual General Meeting, Jun 22, 2015., at 10:00 Singapore Standard Time. Location: at Room Green II, Tropicana Golf & Country Resort. Agenda: To receive the audited consolidated financial statements for the financial year ended December 31, 2014 together with the reports of the directors and auditors thereon; to approve the payment of Directors' fees of MYR 143,000.00 to non-executive directors of the Company for the financial year ended December 31, 2014; to re-elect the Directors retiring pursuant to the Company's Articles of Association; to re-appoint Messrs UHY as Auditors of the company and to authorize the Directors to fix their remuneration; to consider authority to directors to allot and issue shares; and to transact any other business of the Company for which due notice shall have been given.

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