Procurement bounty for HSL

19 May 2016

Q1 2016 sees record new contracts, net cash dividend of 12% for 2015

KUCHING (Thursday): The first quarter of 2016 has seen the value of projects in hand for Hock Seng Lee Berhad (HSL) reach a record RM2.7 billion, with new contracts secured in the period worth RM1.89 billion.

Among the more than 30 projects now ongoing, the Sarawak-based infrastructure specialist has secured two new mega projects – a 76km section of the Pan-Borneo Highway and the second package of Kuching’s Centralised Wastewater Management System.

The Pan-Borneo Highway contract is known as package 7, Bintangor to Julau Junction, Btg Rajang Bridge and Sibu Airport to Sg Kua, with the contract period until late 2020. Full press release

Q1 Report 2016