HAPSENG

Quarterly rpt on consolidated results for the financial period ended 31/12/2010

HAP SENG CONSOLIDATED BERHAD

Financial Year End

31/12/2010
Quarter4
Quarterly report for the financial period ended31/12/2010
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2010

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2010
31/12/2009
31/12/2010
31/12/2009
$$'000
$$'000
$$'000
$$'000
1Revenue
810,881
679,603
2,789,410
2,464,242
2Profit/(loss) before tax
171,514
31,436
504,456
172,760
3Profit/(loss) for the period
131,378
26,992
409,537
149,344
4Profit/(loss) attributable to ordinary equity holders of the parent
103,130
7,693
323,163
100,243
5Basic earnings/(loss) per share (Subunit)
18.30
1.37
57.35
17.79
6Proposed/Declared dividend per share (Subunit)
22.00
7.00
28.00
12.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
4.5900
4.1400

Remarks :
(A) Explanatory Note for Proposed/Declared Dividend per share for Current Year Quarter ended 31 December 2010:-
In line with the Company's Dividend Policy announced on 5 January 2011, the Board of Directors has on even date recommended to pay out approximately 50% of the Group's Profit after tax and minority interests (referred to as Profit attributable to owners of the Company in page 1 of the Interim Financial Statements) for the financial year ended 31 December 2010 in the sum of approximately RM123.98 million as final dividend, which is represented by 22.0 sen per share based on 563,523,500 shares comprised in the issued and paid-up share capital of the Company as at the date hereof (after deducting 59,136,500 treasury shares).

Subject to the shareholders' approval being obtained during the forthcoming annual general meeting of the Company which is expected to be convened after completion of the Proposals detailed in Note 12 Part A of the Interim Financial Statements attached, the amount of final dividend per share will be adjusted downwards based on the final enlarged number of shares in issue after completion of the Proposals, which will be announced accordingly.


(B) Explanatory Note for Proposed/Declared Dividend per share for Cumulative Quarter Current Year-to-date ended 31 December 2010:-
The Company had paid an interim dividend of 6 sen for the financial year ended 31 December 2010. With the final dividend of 22.0 sen per share based on 563, 523,500 shares comprised in the issued and paid-up share capital of the Company as at the date hereof as explained in Explanatory Note (A), the dividend for the cumulative quarter current Year-to-date ended 31 December 2010 is 28 sen per share. However, the final amount of total dividend per share will be adjusted downwards based on the final enlarged number of shares in issue after completion of the Proposals.



Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


Announcement Info

Company NameHAP SENG CONSOLIDATED BERHAD  
Stock Name HAPSENG    
Date Announced18 Feb 2011  
CategoryFinancial Results
Reference NoHS-110218-39426