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Hap Seng consolidated’s FY18 net profit rises to RM1.14 billion

KUALA LUMPUR, Hap Seng Consolidated Bhd’s (HSCB) net profit for the financial year ended Dec 31, 2018 (FY18) rose to RM1.14 billion from RM1.09 billion recorded in the same period last year.

Revenue increased to RM6.24 billion from RM5.29 billion previously, it said in a filing with Bursa Malaysia today.

As for the fourth quarter of FY18 (4Q18), the company’s net profit rose to RM163 million from RM150.4 million posted in 4Q17, while revenue also increased to RM1.42 billion from RM1.40 billion previously.

Source: BERNAMA News Agency

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