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Hapseng results not bad

Hap Seng Consolidated 2Q net profit rises 13.6% y-o-y
Business & Markets 2012
Written by Ho Wah Foon of theedgemalaysia.com   
Thursday, 30 August 2012 17:25

KUALA LUMPUR (Aug 30): HAP SENG CONSOLIDATED BHD []’s net profit for the second quarter to end-June 2012 rose 13.6% year-on-year to RM102.88 million on the back of a slightly increased revenue of RM962.48 million.
In its filings to Bursa Malaysia Thursday, it said revenue was marginally higher than the preceding year corresponding quarter due to higher revenue from property, credit financing, fertilizers trading and quarry and building materials divisions.
The company declared an interim dividend of 4.5 sen per share.
The group said it anticipates prospects for the financial year ending 31 December 2012 to “remain satisfactory”.
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