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Financial Results
Reference No HS-110218-39426
Company Name  :  HAP SENG CONSOLIDATED BERHAD
Stock Name  :  HAP SENG
Date Announced  :  18/02/2011
Financial Year End  :  31/12/2010
Quarter  :  4
Quarterly report for the financial period ended  :  30/12/2010
The Figures  :  have not been audited
 
Converted Attachment:
Please attach the full Quarterly Report here :


Qtrly Report 31 Dec 2010 - HSCB.pdf

   
Remark :
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
1 Revenue 810,881 679,603 2,789,410 2,464,242
2 Profit/(loss) before tax 171,514 31,436 504,456 172,760
3 Profit/(loss) for the period 131,378 26,992 409,537 149,344
4 Profit/(loss) attributable to ordinary equity holders of the parent 103,130 7,693 323,163 100,243
5 Basic earnings/(loss) per shares (subunit) 18.30 1.37 57.35 17.79
6 Proposed/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
 

Remark :

(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:

Country Base Unit Subunit
Malaysia Ringgit Sen
United States Dollar Cent
United Kingdom Pound Pence


Note: For full text of the above announcement, please access the Bursa Malaysia website at www.bursamalaysia.com

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