HSL’s order book hits RM3B

Full press release (PDF)

Earnings at RM27.8m for first half

KUCHING (Tuesday) - The value of projects in hand for Sarawak-based infrastructure company Hock Seng Lee Berhad (HSL) has reached an historical high of RM3 billion.

The milestone was announced upon the release of the company’s second quarter results for the 3 months ended 30 June 2017 in which pre-tax earnings stood at RM12.78 million on the back of revenue of RM106.39 million.

At this same juncture last year, 30 June 2016, orders were at RM2.6 billion and pre-tax earnings were at RM16.13 million on revenue of RM107.05 million.

“So far in 2017, we have added RM558 million worth of new projects to our books including the Miri wastewater project, a vocational facility (PPKS) in Mukah, a collector road in Samalaju and a school in Miri,”  said Hock Seng Lee Berhad’s Managing Director Dato Paul Yu Chee Hoe.

 “We are particularly pleased to be able to utilize our specialized tunneling equipment and sewerage works expertise to undertake another wastewater management project in Sarawak,” he added.

Read more: HSL’s order book...

Strong order book buoys HSL

Full press release (PDF)

25 May 2017

Q1 PBT RM15.05m, net cash dividend of 12% for 2016

KUCHING (Thursday): Sarawak-based infrastructure specialist Hock Seng Lee Berhad (HSL) has had a productive start to the year in terms of both project execution and procurement.

The first quarter of 2017 has seen RM346 million in new works added to HSL’s books bringing the value of
projects in hand to a high of RM2.8 billion, with RM2.4 billion of that unbilled.

A significant new contract is for the centralized wastewater management (sewerage) system for Miri city,
while among more than 20 construction projects and 9 property development projects now ongoing, there
are two mega contracts – a section of the Pan-Borneo Highway and the second package of Kuching’s
centralised wastewater management system.

HSL is progressing on its Pan-Borneo Highway contract which covers Bintangor to Julau Junction, Btg
Rajang Bridge and Sibu Airport to Sg Kua.

Read more: Strong order book...

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