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Corporate Information Company Structure Chairman's Statement Monetary Highlights Directors' Profile Affirmation on Business Governance Assertion of Directors' Responsibilities in Relation to Financial Statement Other Conformity Information Taxation Committee Plank Committee Declaration on Interior Control Financial Statements Set of Group Houses Statement of Shareholdings Recognize of Annual General Getting together with Appendix A kind of Proxy
Dato' Keh (Kerk) Chu Koh (Chairman) Kerk Chiew Siong (Vice Chairman) Kuo Choo Song (Managing Director) Kerk Chian Tung (Executive Director) Teo Lee Teck ( nonexecutive Director) Kerk Kar Ryan ( Non-Executive Director) Woon Chin Chan (Independent nonexecutive Director) Norita Binti Ja'afar (Independent Non-Executive Director) Mazrina Binti Arifin (Independent Non-Executive Director) Hendidura Khairul Anuar Bin Cisura Mokhtar (Independent nonexecutive Director) Dato' Wee Hoe Shortly @ Gooi Hoe Rapidly (Alternate Representative to Woon Chin Chan)
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RHB Bank Berhad Malayan Financial Berhad Public Bank Berhad United Offshore Bank (Malaysia) Berhad HSBC Bank Malaysia Berhad
Ernst & Young Chartered Accountants
Leong Siew Foong
Stock market Listing
Main Market of Bursa Malaysia Securities Berhad Stock Code: 5024
Annual Record 2011 I actually Hup Seng Industries Berhad (226098-P)
On behalf of the Board of Directors of Hup Seng Industries Berhad (" HSIBвЂќ or " the CompanyвЂќ), I have satisfaction in delivering the Total annual Report and Audited Financial Statements in the Company as well as its subsidiaries (the " GroupвЂќ) for the financial 12 months ended 23 December, 2011.
Twelve-monthly Report 2011 I Hup Seng Industries Berhad (226098-P)
REVIEW OF THE FINANCIAL EFFICIENCY I was pleased to record that the Group achieved a great encouraging expansion in our group revenues which will increased on the lookout for. 6% to RM240 , 000, 000 in the economic year finished 31 December, 2011 from RM219 mil in the earlier year. The greater revenues had been attributable to buoyant demand in both export and home-based markets. Earnings before duty, however , lowered to RM27. 6 , 000, 000 from RM32. 7 mil a year ago. The decrease in current year's earnings was largely due to the impairment of goodwill which amounted to RM8, 909, 1000 after a great impairment screening on the recoverable amount of goodwill in accordance with the relevant Monetary Reporting Standards. In addition to that, escalating input costs also slowed down margin regarding the Group despite an improvement in turnover. Net advantage per share stood by RM1. 23. Earnings every share (EPS) decreased coming from 19. forty-five sen this season to 15. 52 sen depending on 120, 500, 000 stocks.
OUTLOOK AND PROSPECTS Despite the comforting economic data from U. S., the economic headwinds remain with less optimistic numbers supply by china manufacturer and The european countries threatening to derail the still vulnerable recovery inside the U. S i9000. As such, the operating environment is likely to remain extremely competitive this january and much will depend on how global events baking pan out over the coming months. After registering a slow 5. 1% gross home-based product growth in 2011, the Malaysian economic system faces an actual test in whether it may continue to maintain economic progress at over 5% as dark clouds hover within the global economy. With the uncertainties emanating in the US and Europe even though Japan...