HSL ... Jun 09

Sarawak-based infrastructure specialist HOCK SENG LEE's Net Profit rose 6.2% to RM10.4m for 1QE Mar 31, 2009 from RM9.8m a year earlier due to a 20% rise in revenue to RM77.8m.

PBT rose 5.7% to RM13.9m from RM13.2m a year earlier, while basic EPS rose to 1.9 sen from 1.77 sen.

NO DIVIDEND DECLARED
No dividend was declared.

" .... Although the first quarter is traditionally a little slower for the industry with the festive break and the rainy season, we have returned very commendable results and the impact of our large order book can be seen with a 20% increase in our revenue on a comparison with last year ...." said Group Chairman Senator IDRIS BUANG on May 19, 2009 in a statement.

WASTEWATER PROJECT
He said the Group's major wastewater project for Kuching was currently underway and the company was investing in specialised machinery required for the sewage works. He said package 1, pilot project for the city centre and treatment plant, was expected to continue over the next four years.

OUTSTANDING ORDER BOOK
IDRIS said with a record value of projects in hand of RM1.7 bil of which RM1.2 billion was outstanding, HSL was expecting a busy year ahead.

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HSL ... May 09