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Article: Hap Seng confident stimulus measures will boost earnings
- Article from:
- New Straits Times
- Article date:
- May 30, 2009
- Author:
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Sharen Kaur
New Straits Times
05-30-2009
Hap Seng confident stimulus measures will boost earnings
Byline: Sharen Kaur
Edition: Main/Lifestyle
Section: Business Times
Type: Company
HAP Seng Consolidated Bhd is confident it will do better this year, helped by the government's stimulus measures, although growth is likely to be slower.
It made a net profit of RM314 million in the financial year to December 31 2008, down 61 per cent from the previous year, mainly because it had made a RM600 million gain from the listing of its plantation arm in 2007.
"Our business has been growing consistently. We are positive there will be improvements in the second half of the year thanks to the stimulus ...