Higher sales boosts Hup Seng’s profit by 34%

Hup Seng Industries Bhd reported a 34.76% growth in net profit to RM12.6 million in Q4 of 2014.

The growth in earnings was due to increased domestic and export sales.

Its revenue rose 10.4% to RM73.65 million.

Moving forward, the company expects 2015 to be challenging as it noted that a faltering Eurozone and China, coupled with disinflation, will probably pose the biggest threat to the global economy this year.

Jarvis Says:
Hup Seng’s higher net profit may be positive. It gives the food company more funds for dividends distribution & re-investment for future earnings.

Here are the other headlines in the Malaysian business news for today:

  1. F&N reports marginal increase in profits
  2. Amway’s profit plunged 19.7% on higher expenses
  3. IHH to jointly bid for a stake in India hospital operator
  4. CIMB to close offices in Sydney and Melbourne
  5. Malaysia’s industrial output rose 7.4%
  6. Ringgit drops as oil resumes decline

To read the summary and commentary for each of the headlines above, download Jarvis News from the Apple App Store today!

P.s.: Check out our brand new website: www.getjarvis.today

One clap, two clap, three clap, forty?

By clapping more or less, you can signal to us which stories really stand out.