HSL ... May 09

The Sarawak-based marine engineering specialist with RM1.7 billion worth of projects in hand, is eyeing opportunities from the recently announced economic stimulus package for 2009-2010 and the implementation of the Sarawak Corridor for Renewable Energy (Score).

HSL currently has RM1.7 billion worth of projects, including RM905 million secured in 2008, with the RM452 milion contract for the first phase of a comprehensive centralised sewage system for Kuching city notable among the new projects.

The HSL group posted revenue of RM309.07 million in 2008, up 25 per cent from RM248.17 million in 2007. Its profit before tax rose to RM56.46 million in 2008 from RM53.7 million previously.