Milestone 2016 for HSL

27 February 2017

Record procurement success marks 20th year of listing

KUCHING (Monday):It was a milestone year for Sarawak-based marine engineering and infrastructure specialist Hock Seng Lee Berhad (HSL), it noted when releasing its annual financial results today.

In 2016, HSL celebrated the 20th anniversary of its 1996 listing on the construction counter of Bursa Malaysia and it also marked 20 years of continuously reporting profit every quarter.

In addition, the year 2016 saw unprecedented procurement success with the value of contracts in hand peaking at an historical high of RM2.7 billion. The key contract wins during the year were a section of the Pan-Borneo Highway and the second package of Kuching’s Centralised Waste Water management system.

As at 31 December 2016, HSL’s order book stood at RM2.6 billion of which RM2.1 billion was outstanding.

Full press release

Q4 Report 2016