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    HAPSENG   MYL3034OO005

HAP SENG CONSOLIDATED BERHAD

(HAPSENG)
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Hap Seng Consolidated Berhad : 3rd Quarter 2021

11/26/2021 | 06:10am EST

3rd Quarter Ended 30 September 2021 Results

26 November 2021

Scope

  • Group financials
    2 Operations review

2

SECTION 1

Group financials

Consolidated income statement summary

  • The Group's revenue for 3Q21 and YTD were relatively flat compared to the corresponding period last year with lower contribution from Automotive Division for 3Q21 and lower contribution from Property and Automotive division for the YTD, mitigated by higher contribution from all other divisions.
  • Nonetheless, the Group's Operating Profit for 3Q21 and YTD were 75% and 33% above the corresponding period last year respectively with higher profit contribution from all divisions except for Credit Financing Division for the YTD.
  • PBT and PAT for 3Q21 and YTD also benefitted from lower finance costs due to lower borrowings and lower costs of fund.
  • Consequently, EPS for 3Q21 and YTD at 15.33 sen and 24.10 sen respectively were 97% and 51% above last year.

(RM' Million)

3Q21

3Q20

Change

YTD

YTD

Change

2021

2020

Revenue

1,633.5

1,661.7

(2%)

4,173.4

4,126.3

1%

Gross profit 1

736.2

424.9

73%

1,471.2

1,101.1

34%

EBITDA

640.8

382.1

68%

1,199.9

925.7

30%

Operating profit 2

593.8

338.7

75%

1,059.8

795.5

33%

Finance expenses

(37.5)

(60.2)

(38%)

(133.8)

(189.2)

(29%)

Profit before tax

561.5

278.3

102%

935.4

605.2

55%

Taxation

(155.6)

(67.1)

132%

(265.6)

(184.4)

44%

Profit after tax

406.0

211.2

92%

669.8

420.8

59%

Attributable to

381.6

193.7

97%

599.9

398.2

51%

shareholders

Attributable to MI

24.4

17.5

40%

69.9

22.6

209%

EPS (sen)

15.33

7.78

97%

24.10

15.99

51%

Note:

  1. Includes share of Inverfin's PBIT
  2. Includes Interest Income, Share of Inverfin's PBIT by Property Division and share of associate and JV's PAT by Hafary; and share of JV's PAT by MMSB.

4

Group segment results

(RM' Million)

REVENUE

OPERATING PROFIT

REVENUE

OPERATING PROFIT

3Q21

3Q20

Change

3Q21

3Q20

Change

YTD

YTD

Change

YTD

YTD

Change

2021

2020

2021

2020

Plantation

173.6

128.9

35%

70.6

34.5

105%

476.0

314.3

51%

173.8

60.2

189%

Property 1

566.9

462.3

23%

445.9

233.2

91%

1,036.4

1,199.1

(14%)

672.9

630.7

7%

Credit Financing

71.0

69.4

2%

52.7

45.1

17%

218.2

214.9

2%

159.8

171.0

(7%)

Automotive

264.4

507.6

(48%)

1.5

(11.5)

113%

841.4

981.6

(14%)

0.3

(40.8)

101%

Trading2

491.6

442.3

11%

24.8

2.1

1075%

1,391.7

1,313.9

6%

67.0

1.9

3430%

Building Materials 3

133.0

109.4

22%

19.4

14.9

31%

386.8

265.4

46%

46.0

4.2

999%

Subtotal

1,700.5

1,719.9

(1%)

614.9

318.3

93%

4,350.5

4,289.2

1%

1,119.8

827.2

35%

Consolidation

(67.0)

(58.2)

(21.1)

20.4

(177.1)

(162.9)

(60.0)

(31.7)

adjustments &

others

Group

1,633.5

1,661.7

(2%)

593.8

338.7

75%

4,173.4

4,126.3

1%

1,059.8

795.5

33%

Note:

  1. Includes share of Inverfin's PBIT from Menara Citibank
  2. Includes share of JV's results by MMSB
  3. Includes share of associate and JV's results by Hafary

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Hap Seng Consolidated Bhd published this content on 26 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 November 2021 11:09:07 UTC.


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Sales 2020 5 850 M 1 401 M 1 401 M
Net income 2020 750 M 180 M 180 M
Net Debt 2020 3 570 M 855 M 855 M
P/E ratio 2020 28,5x
Yield 2020 2,91%
Capitalization 19 370 M 4 634 M 4 637 M
EV / Sales 2019 4,09x
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Nbr of Employees 2 228
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