KUALA LUMPUR: HAP SENG CONSOLIDATED BHD []'s net profit for the fourth quarter ended Dec 31, 2010 surged to RM103.13 million from RM7.69 million a year ago, driven by improvement in revenue in all divisions except for fertilisers trading which was affected by lower average selling prices.
It said on Friday, Feb 18 that revenue rose 19.3% to RM810.88 million from RM679.6 million. Earnings per share were 18.30 sen while net assets per share was RM4.59.
For the financial year ended Dec 31, 2010, Hap Seng's net profit rose 222% to RM323.16 million from RM100.24 million a year ago. Its revenue rose to RM2.79 billion from RM2.46 billion.
Hap Seng proposed to pay out as final dividend about 50% of its net profit tax and minority interest totalling RM123.98 million or 22 sen per share.
On its prospects, Hap Seng said it was expected to be influenced by the movements in commodity prices, seasonal yield trend, changes in cropping pattern and the fertiliser prices as well as the competitive trading conditions which are anticipated to continue in the various market sectors in which the group operates.
It said on Friday, Feb 18 that revenue rose 19.3% to RM810.88 million from RM679.6 million. Earnings per share were 18.30 sen while net assets per share was RM4.59.
For the financial year ended Dec 31, 2010, Hap Seng's net profit rose 222% to RM323.16 million from RM100.24 million a year ago. Its revenue rose to RM2.79 billion from RM2.46 billion.
Hap Seng proposed to pay out as final dividend about 50% of its net profit tax and minority interest totalling RM123.98 million or 22 sen per share.
On its prospects, Hap Seng said it was expected to be influenced by the movements in commodity prices, seasonal yield trend, changes in cropping pattern and the fertiliser prices as well as the competitive trading conditions which are anticipated to continue in the various market sectors in which the group operates.
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