27 February 2018|
Record RM3B order book for HSL - Margins to improve as mega projects progress
KUCHING (Tuesday): The order book for Sarawak-based marine engineering and infrastructure specialist Hock Seng Lee Berhad (HSL) is at an historical high of RM3 billion it announced when releasing its annual financial results today.
With 90 percent, or RM2.7 billion of orders, outstanding as at 31 December 2017, the Group is looking at robust revenue streams as it focuses on executing three mega projects and over a dozen other infrastructure projects throughout Sarawak.
“In 2016, we had an exceptional year with procurement, while 2017 has been about getting the major contracts up and running. Nonetheless, we did still bid selectively and added RM575 million in new works during 2017,” said Dato Paul Yu Chee Hoe, HSL’s Managing DirectorFull press release
23 November 2017|
Productive Q3 for HSL
KUCHING (Thursday) - Progress on the record RM3 billion order book of Sarawak-based marine engineering and infrastructure specialist Hock Seng Lee Berhad (HSL) has accelerated, producing sound results for the third quarter ending 30 September 2017.
“This quarter’s results reflect increased momentum on our mega projects and on the considerable number of new contracts we have in hand,” said HSL’s Managing Director Dato Paul Yu Chee Hoe.
Group net profit before tax for the current quarter reached RM15.11 million, an increase of 18 percent as compared to RM12.78 million for the immediate preceding quarter.Full press release
22 August 2017|
HSL’s order book hits RM3B
Earnings at RM27.8m for first half
The milestone was announced upon the release of the company’s second quarter results for the 3 months ended 30 June 2017 in which pre-tax earnings stood at RM12.78 million on the back of revenue of RM106.39 million.
At this same juncture last year, 30 June 2016, orders were at RM2.6 billion and pre-tax earnings were at RM16.13 million on revenue of RM107.05 million.Full press release
25 May 2017|
Strong order book buoys HSL
Q1 PBT RM15.05m, net cash dividend of 12% for 2016
The first quarter of 2017 has seen RM346 million in new works added to HSL’s books bringing the value of projects in hand to a high of RM2.8 billion, with RM2.4 billion of that unbilled.
A significant new contract is for the centralized wastewater management (sewerage) system for Miri city, while among more than 20 construction projects and 9 property development projects now ongoing, there are two mega contracts – a section of the Pan-Borneo Highway and the second package of Kuching’s centralised wastewater management system.
HSL is progressing on its Pan-Borneo Highway contract which covers Bintangor to Julau Junction, Btg Rajang Bridge and Sibu Airport to Sg Kua.Full press release
26 April 2017|
AnnouncementsAnnual Report 2016
Circular to Shareholders
Notice of AGM
27 February 2017|
Milestone 2016 for HSL
Record procurement success marks 20th year of listing
In 2016, HSL celebrated the 20th anniversary of its 1996 listing on the construction counter of Bursa Malaysia and it also marked 20 years of continuously reporting profit every quarter.
In addition, the year 2016 saw unprecedented procurement success with the value of contracts in hand peaking at an historical high of RM2.7 billion. The key contract wins during the year were a section of the Pan-Borneo Highway and the second package of Kuching’s Centralised Waste Water management system.
As at 31 December 2016, HSL’s order book stood at RM2.6 billion of which RM2.1 billion was outstanding.Full press release
Q4 Report 2016
18 August 2016|
Solid Q3 for HSL
PBT of RM21.8m for third quarter of 2016 / Order book up RM1B y-o-y
The company announced today that third quarter results for the three-month reporting period ended 30 September 2016 put pre-tax profit at RM21.82 million on the back of revenue at RM136.03 million.
For the nine-month period ended 30 September 2016, cumulative figures recorded pre-tax profit at RM59.49 million from revenue of RM385.34 million.Full press release
Q3 Report 2016
24 November 2016|
First half profit at RM37.7m for HSL
Single tier tax exempt interim dividend of 5%
Given an order book at record levels, HSL’s Board of Directors has declared a first interim single-tier tax exempt dividend of 5 percent per ordinary share for 2016, payable to the shareholders on 10 October 2016. The dividend entitlement date shall be 19 September 2016.
“We are maintaining an interim payout to our stakeholders even though our results have not managed to surpass the historical highs we enjoyed in the corresponding period of last year,” said Hock Seng Lee Berhad’s Managing Director Dato Paul Yu Chee Hoe.Full press release
Q2 Report 2016
19 May 2016|
Procurement bounty for HSL
Q1 2016 sees record new contracts, net cash dividend of 12% for 2015
Among the more than 30 projects now ongoing, the Sarawak-based infrastructure specialist has secured two new mega projects – a 76km section of the Pan-Borneo Highway and the second package of Kuching’s Centralised Wastewater Management System.
The Pan-Borneo Highway contract is known as package 7, Bintangor to Julau Junction, Btg Rajang Bridge
and Sibu Airport to Sg Kua, with the contract period until late 2020.
Full press release
26 April 2016|
HSL Annual Report 2015.pdf
AGM Notice 2015.pdf
HSL Circular 2015.pdf
18 March 2016|
AWARD OF CONTRACT
The Board of Directors of Hock Seng Lee Berhad (“HSL”) is pleased to announce that the Consortium of Hock Seng Lee Berhad – Dhaya Maju Infrastructure (Asia) Sdn. Bhd. Joint Venture, an unincorporated joint venture between Hock Seng Lee Berhad and Dhaya Maju Infrastructure (Asia) Sdn. Bhd., has been awarded a Contract by Lebuhraya Borneo Utara Sdn Bhd for the DEVELOPMENT AND UPGRADING OF THE PROPOSED PAN BORNEO HIGHWAY IN THE STATE OF SARAWAK, MALAYSIA - PHASE 1: BINTANGOR JUNCTION TO JULAU JUNCTION AND SIBU AIRPORT TO SG. KUA BRDIGE (INCLUDING BATANG RAJANG BRIDGE). The Project is worth Ringgit Malaysia One Thousand and Seven Hundred and Ten Million, Four Hundred and Thirty One Thousand, Seven Hundred and Eighteen and Sen Ninety Only (RM1,710,431,718.90) and Hock Seng Lee Berhad has 70% equity in the Consortium.
The scope of works for the Project includes earth works, piling, drainage works, road works, interchanges, bridges and its related mechanical and electrical works.
The contract period for the completion of the Project is 51 months. The Contract is expected to contribute positively to the earnings and net assets of HSL Group as the Project progresses during the contract period. However, the transaction will not have any effect on the share capital and substantial shareholdings of HSL.
17 March 2016|
AWARD OF CONTRACT
The Board of Directors of Hock Seng Lee Berhad (“HSL”) is pleased to announce that the consortium of Kumpulan Nishimatsu Hock Seng Lee has been awarded a contract by the State Government of Sarawak through Jabatan Perkhidmatan Pembetungan Sarawak, worth Ringgit Malaysia Seven Hundred Fifty Million Only (RM750,000,000.00) for the Kuching City Central Wastewater Management System: Centralized Sewerage For Kuching City Centre (Package 2) (“the Project”).
Hock Seng Lee Berhad has 75% equity in the Consortium. The scope of works for the Project includes construction and commissioning of the wastewater treatment plant, main, secondary and tertiary lines, property connections, provision of process plant and equipment, related building works, mechanical and electrical works.
The contract period for the completion and commissioning of the wastewater treatment plant and the sewer networks is seventy two (72) months. The contract is expected to contribute positively to the earnings and net assets of HSL Group as the Project progresses during the contract period. However, the transaction will not have any effect on the share capital and substantial shareholdings of HSL.
25 February 2016|
HSL’s 2015 revenue at all-time high
KUCHING (Thursday): Hock Seng Lee Berhad (HSL) capped off a productive 2015 by posting record annual revenue, it announced today.
The Sarawak-based marine engineering and infrastructure specialist completed projects worth over a billion ringgit during the 2015 calendar year including package 1 of Kuching city’s central wastewater management system and a new UiTM campus at Mukah as well as over a dozen other projects such as roadworks, flood mitigation works and a variety of infrastructure contracts.
Results for the year ended 31 December 2015 saw revenue rise to a new high of RM654.74 million while net profit before tax was at RM101.24 million. This translates to earnings per ordinary share of 13.87 sen. Full press release
26 November 2015|
Sound 9 months for HSL
KUCHING (Thursday) - Third quarter results for Hock Seng Lee Berhad (HSL) have seen the Sarawak-based marine engineering and infrastructure specialist record net profit before tax of RM23.66 million on the back of revenue of RM158.44 million.
For the nine months period ended 30 September 2015, cumulative figures show pre-tax earnings at RM72.82 million from revenue of RM494.50 million.
Overall these results exceed those of the preceding quarter of 2015 and show sound gains in revenue against the corresponding periods of 2014. Full press release
26 August 2015|
First half growth for HSL - Single tier tax exempt interim dividend of 5%
KUCHING - Marine engineering specialist Hock Seng Lee Berhad (HSL) today announced both profit and revenue growth for the first half of 2015.
The Sarawak-based infrastructure company achieved pre-tax earnings for the 6 months ended 30 June 2015 of RM49.16 million up from RM47.44 million for the same period in 2014.
Revenue has also grown considerably over the first six months of this year, reaching RM336.06 million from RM256.24 million for the first half of 2014... Full press release
21 May 2015|
HSL records growth in Q1 - Net cash dividend of 14% for 2014
KUCHING (Thursday): Hock Seng Lee Berhad (HSL) has achieved commendable first quarter financial results with net pre-tax profit rising to RM26.26 million on the back of revenue of RM186.46 million for the three months ending 31 March 2015.
This translates to both earnings and turnover growth for the Sarawak-based marine engineering and infrastructure specialist as it recorded pre-tax profit of RM22.03 million on the back of revenue of RM116.03 million for the corresponding first quarter of 2014.
At the Annual General Meeting held this morning, shareholders approved a final ordinary dividend of 8 per cent (single tier) or 1.6 sen as recommended by the Board... Full press release
27 February 2015|
HSL posts record revenue for 2014
KUCHING (Friday): Sarawak’s infrastructure and marine engineering specialist Hock Seng Lee Berhad (HSL) has posted a sound annual financial performance.
Revenue for the year ended 31 December 2014 reachedan historical high of RM604.72 million while net profit before tax was at RM103.15 million. This translates to earnings per ordinary share of almost 14 sen.
“Our technical expertise and prudent management of the challenges facing the industry have enabled us to continue our unbroken record of profitability,” said HSL Chairman Dato’ Idris Bin Buang.Full press release
28 November 2014|
HSL"s posts strong Q3
KUCHING (Friday) ? Sarawak-based marine engineering and infrastructure specialist Hock Seng Lee Berhad (HSL) has achieved pre-tax earnings of RM28.66 million on the back of revenue of RM155.36 million for the third quarter of 2014.
These figures reflect an increase over the corresponding quarter of 2013 where earnings before tax stood at RM27.98 million on revenue of RM130.12 million.
These results also better the preceding quarter (Q2 2014) and bring the profit before tax for the nine months up to 30 September 2014 to RM76.10 million with revenue accumulating to RM411.60 million over the same period. Full press release
27 August 2014|
Strong Q2 for HSL
Single tier tax exempt interim dividend of 6%
KUCHING - Sarawak-based infrastructure company Hock Seng Lee Berhad (HSL) has achieved a profitable first half of 2014 with its second quarter earnings up 15 percent on the first quarter of the year.
Profit before tax for the three months ended 30 June 2014 was at RM25.4 million, rising from RM22.0 million achieved in the preceding quarter ended 31 March 2014.
Half yearly pre-tax profit stood at RM47.4 million on the back of revenue at RM256.2 million. Full press release
22 May 2014|
HSLB 2014 Q1 Results - Profitable first quarter for HSL
Net cash dividend of 15% for 2013
KUCHING (Thursday): Sarawak-based marine engineering and infrastructure specialist Hock Seng Lee Berhad (HSL) has recorded net pre-tax profit of RM22.03 million on the back of revenue of RM116.03 million for the first quarter of 2014.
This commendable performance continues the strong results of 2013 and led to the Board’s recommended final ordinary dividend of 9 per cent (single tier) being approved at HSL’s Annual General Meeting (AGM) held in Kuching today.
Added to the interim dividend of 6 percent net paid in October 2013, the cash dividend for 2013 will total 15 percent net. This equates to the same return as for 2012. Full press release
28 April 2014|
HSLB 2013 Annual Report
Annual Report 2013
AGM Notice 2013
27 February 2014|
HSL’s 2013 earnings at RM114m
KUCHING (Thursday): The value of new contracts procured by Hock Seng Lee Berhad (HSL) in 2013 was at a record level while margins remained sound.
The Sarawak-based infrastructure specialist procured RM628 million worth of projects in 2013, up from RM525 million in 2012.
HSL posted profit before tax for the 2013 financialyear ended 31 December 2013 of RM113.98 million on the back of revenue at RM548.45 million. This translates to earnings per ordinary share of 15.4 sen. more
2013 Q4 Report
28 November 2013|
HSL's 9-month earnings at RM84.3m
KUCHING (Thursday) - Sarawak-based marine engineering and infrastructure specialist Hock Seng Lee Berhad (HSL) has achieved good progress during a busy third quarter of 2013.
The three months ended 30 September 2013 has been one of overall steady progress for HSL Group with fundamentals remaining sound.
“Our margins have been sustained at a high level reflecting our specialist skills and, as our many new projects progress, we hope to finish the year strongly, in spite of the current landas (rainy) season,” HSL’s Managing Director Dato Paul Yu Chee Hoe said. ...more
2013 Q3 Report
28 August 2013|
Profitable first half for HSL
KUCHING - The first half of 2013 has been a profitable and successful one for Sarawak-based infrastructure company Hock Seng Lee Berhad (HSL).
HSL’s financial results for the six months to 30 June 2013, saw net profit before tax rise to RM56.32 million from RM56.14 million for the same period of 2012.
“As well as growing the bottom line during the first half of 2013, we have benefited from considerable procurement success with RM381 million worth of new projects added to our order book,” said HSL’s Managing Director Dato Paul Yu Chee Hoe...more
2013 Q2 Report
|22 May 2013
Profitable Q1 for HSL
KUCHING (Wednesday): Profit of RM26.1 million has been recorded for the first quarter 2013 by Sarawak-based marine engineering and infrastructurespecialist Hock Seng Lee Berhad (HSL).
“With projects flowing from the SCORE (Sarawak Corridor of Renewable Energy) region of central Sarawak, this year looks to be another one of commendable progress for HSL”, said Dato Paul Yu, HSL’s Managing Director.
“There has been a healthy turnover of projects so far in 2013 with RM153 million worth of new contracts added,” Dato added...more
2013 Q1 Report
26 April 2013|
2012 Annual Report
27 February 2013
HSL to pay out record dividend
KUCHING (Wednesday): Sarawak-based infrastructure specialist Hock Seng Lee Berhad (HSL) has enjoyed another successful year in 2012, prompting the Board to propose the highest ever dividend payout since its listing in 1996.
HSL’s Chairman Dato’ Haji Idris Bin Buang said thatfollowing another twelve month period of major procurement wins and both earnings and revenue growth, cash dividends for 2012 would total 20 percent.
Dato’ announced that the Board has recommended a final ordinary dividend of 10 percent and,
given the pleasing results, a special dividend of 3percent, pending shareholders approval at the
upcoming Annual General Meeting (AGM)...more
10 January 2013
HSL scores in Samalaju
Wins infra contract for industrial park road
KUCHING (Thursday): Sarawak-based infrastructure specialist Hock Seng Lee Berhad (HSL) has secured a project worth RM48.9 million in Samalaju, Bintulu Division.
Samalaju is one of the key growth node towns of theSarawak Corridor of Renewable Energy (SCORE) and is earmarked as a centre for heavy industries.
The new contract from RECODA, the administrative body of SCORE, is entitled “the Proposed
Infrastructural Works at Samalaju Industrial Park, Bintulu Division, Sarawak (Phase 3 Stage 2 – Proposed
Collector Road B1)” and was awarded by Lembaga Kemajuan Bintulu (Bintulu Development Authority)...more
28 November 2012
Successful 9 months for HSL
New projects and further growth recorded
KUCHING (Wednesday)- Sarawak-based infrastructure company Hock Seng Lee Berhad (HSL) has enjoyed both growth and procurement success up to the third quarter of 2012.
“Net profit before tax for the nine months up to 30 September 2012 was reported at RM86.53 million up 6 percent from the RM81.64 million achieved over the same period of 2011,” Group Managing Director Dato Paul Yu Chee Hoe said.
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