Higher gross profit margins (GPM) of 24.9% as at FY2011 from 13.1% in FY2010.
Cash and cash equivalents ended higher at S$178.2 million as at 31 December 2011, up 7.7% from S$165.5 million as at 31 December 2010.
Proposes tax exempt one-tier dividend of 2.0 cents per share for FY2011, representing a dividend yield of 7.8%1 and payout ratio of 32.8% 23% higher than dividend of 1.625 cents for FY2010.
Order book of S$227 million and industrial building development project to provide continuous flow of revenue through FY2014

 

WRITTEN BY THE EDGE

TUESDAY, 22 FEBRUARY 2011 18:43

Hock Lian Seng Holdings, the BCA Grade A1 civil engineering infrastructure builder and a building materials supplier, says FY2010 net profit increased 27% y-o-y to $27 million on the back on a 1.9% y-o-y increase in its revenue to $229.1 million. Hock Lian Seng says revenue growth was mainly led by higher progress claims recognised from Marina Coastal Expressway and Jalan Gali Batu Depot Projects. Gross profit margin was also higher at 13.1%, lifting gross profit to $30.1 million. A gain of $4.0 million from sales of investment securities also contributed to the higher net profit. Revenue from Civil Engineering segment in FY2010 improved 5% to $221.5 million and contributed 96.7% of group revenue. Revenue from Building Material segment decreased 50.7% to $6.9 million as much lower volume was delivered compared to last financial year. As at 31 December 2010, the group’s order book stood at $350 million.

maybe its time to load more today. very quiet liao... I think most ipo holders who are now planning to hold for long term might have already sold their holdings by now. Hopefully another wave coming soon... hehehe...

Vested more today. plan to cut if falls below $0.3