Reported Earnings • May 28
Second quarter 2026 earnings released: RM0.001 loss per share (vs RM0 in 2Q 2025) Second quarter 2026 results: RM0.001 loss per share (further deteriorated from RM0 in 2Q 2025). Revenue: RM38.5m (down 5.6% from 2Q 2025). Net loss: RM2.84m (loss widened 39% from 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 127 percentage points per year, which is a significant difference in performance. New Risk • May 28
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 66% per year over the past 5 years. Minor Risk Market cap is less than US$100m (RM150.1m market cap, or US$37.9m). Buy Or Sell Opportunity • Mar 30
Now 25% undervalued Over the last 90 days, the stock has risen 43% to RM0.05. The fair value is estimated to be RM0.066, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company became loss making. New Risk • Mar 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Malaysian stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 54% per year over the past 5 years. Minor Risk Market cap is less than US$100m (RM214.5m market cap, or US$54.1m). Reported Earnings • Feb 03
Full year 2025 earnings released: RM0.004 loss per share (vs RM0.001 profit in FY 2024) Full year 2025 results: RM0.004 loss per share (down from RM0.001 profit in FY 2024). Revenue: RM168.8m (down 19% from FY 2024). Net loss: RM18.7m (down RM22.0m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Announcement • Jan 30
Hubline Berhad, Annual General Meeting, Feb 26, 2026 Hubline Berhad, Annual General Meeting, Feb 26, 2026, at 11:30 Singapore Standard Time. Location: abell hotel, 4th floor, no. 22, jalan tunku abdul rahman, 93100 kuching, Malaysia Reported Earnings • Nov 25
Full year 2025 earnings released: RM0.004 loss per share (vs RM0.001 profit in FY 2024) Full year 2025 results: RM0.004 loss per share (down from RM0.001 profit in FY 2024). Revenue: RM167.9m (down 20% from FY 2024). Net loss: RM19.4m (down RM22.6m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 28
Third quarter 2025 earnings released: EPS: RM0 (vs RM0 in 3Q 2024) Third quarter 2025 results: EPS: RM0 (in line with 3Q 2024). Revenue: RM43.8m (down 14% from 3Q 2024). Net loss: RM1.27m (loss widened 279% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 02
Second quarter 2025 earnings released: RM0.001 loss per share (vs RM0 in 2Q 2024) Second quarter 2025 results: RM0.001 loss per share (further deteriorated from RM0 in 2Q 2024). Revenue: RM40.7m (down 21% from 2Q 2024). Net loss: RM2.05m (down 345% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 01
First quarter 2025 earnings released: EPS: RM0 (vs RM0 in 1Q 2024) First quarter 2025 results: EPS: RM0 (in line with 1Q 2024). Revenue: RM44.0m (down 17% from 1Q 2024). Net loss: RM1.90m (loss widened 98% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Announcement • Feb 26
Hubline Berhad Announces Redesignation of Mr. Lai Lian Yee as Non Independent and Non Executive Director Hubline Berhad announced Redesignation of Mr. Lai Lian Yee as Non Independent and Non Executive Director . Previous position: Independent Director. Age: 76, Gender: Male. Nationality: Malaysia. Date of change: February 26, 2025. Qualification:Professional Qualification: Accountancy University of Victoria" A Fellow of the Certified Practicing Accountants of Australia and a Chartered Accountant of the Malaysian Institute of Accountants. Working experience: He was the Internal Audit Manager for Eastern Oxygen Industries Sdn Bhd and EPT Sdn Bhd between 2005 and 2013. Prior to this, between 1975 and 2005, he was under the employment of the Auditor General's Office, Sarawak Branch, with his final role as the Deputy Director in the last three years of service. Reported Earnings • Jan 29
Full year 2024 earnings released: EPS: RM0.001 (vs RM0.001 in FY 2023) Full year 2024 results: EPS: RM0.001 (in line with FY 2023). Revenue: RM208.6m (down 11% from FY 2023). Net income: RM3.23m (down 24% from FY 2023). Profit margin: 1.5% (down from 1.8% in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Announcement • Jan 24
Hubline Berhad, Annual General Meeting, Feb 27, 2025 Hubline Berhad, Annual General Meeting, Feb 27, 2025, at 11:00 Singapore Standard Time. Location: abell hotel, 4th floor, no. 22, jalan tunku abdul rahman, 93100 kuching, sarawak., Malaysia Reported Earnings • Nov 28
Full year 2024 earnings released: EPS: RM0.001 (vs RM0.001 in FY 2023) Full year 2024 results: EPS: RM0.001 (in line with FY 2023). Revenue: RM207.8m (down 11% from FY 2023). Net income: RM3.15m (down 26% from FY 2023). Profit margin: 1.5% (down from 1.8% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 29
Third quarter 2024 earnings released: EPS: RM0 (vs RM0 in 3Q 2023) Third quarter 2024 results: EPS: RM0 (in line with 3Q 2023). Revenue: RM51.2m (down 4.8% from 3Q 2023). Net loss: RM336.0k (down 188% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Reported Earnings • May 28
Second quarter 2024 earnings released: EPS: RM0 (vs RM0 in 2Q 2023) Second quarter 2024 results: EPS: RM0 (in line with 2Q 2023). Revenue: RM51.7m (up 10% from 2Q 2023). Net income: RM836.0k (down 14% from 2Q 2023). Profit margin: 1.6% (down from 2.1% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. New Risk • Apr 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (RM171.6m market cap, or US$36.0m). Announcement • Mar 01
Hubline Berhad Appoints Dr Rosmina Binti Ahmad Bustami as Independent and Non Executive Director, Effective March 1, 2024 Hubline Berhad announced the appointment of Dr Rosmina Binti Ahmad Bustami as Independent and Non Executive Director, effective March 1, 2024. Age: 43. Doctorate - Engineering from University of South Australia; Doctor of Philosophy, Water Resources Engineering, 2020. Others - Teaching & Learning - Universiti Malaysia Sarawak - Postgraduate Diploma, Teaching & Learning, 2012. Masters - Engineering - Universiti Malaysia Sarawak - Master of Engineering (Hydraulics), 2005. Degree-Engineering - Universiti Malaysia Sarawak- Bachelor of Engineering (Hons), Civil Engineering, 2002. Working experience: Dr Rosmina Binti Ahmad Bustami is currently a Lecturer at the Faculty of Engineering UNIMAS since 2005. She held various posts previously at the Faculty including Head of Department of Civil Engineering; to the more current role as Director of-Water-Centre. Reported Earnings • Feb 28
First quarter 2024 earnings released: EPS: RM0 (vs RM0.001 in 1Q 2023) First quarter 2024 results: EPS: RM0 (down from RM0.001 in 1Q 2023). Revenue: RM53.1m (down 30% from 1Q 2023). Net loss: RM960.0k (down 136% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year. Reported Earnings • Feb 01
Full year 2023 earnings released: EPS: RM0.001 (vs RM0.003 in FY 2022) Full year 2023 results: EPS: RM0.001 (down from RM0.003 in FY 2022). Revenue: RM234.1m (up 2.5% from FY 2022). Net income: RM4.23m (down 64% from FY 2022). Profit margin: 1.8% (down from 5.2% in FY 2022). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Jan 30
Hubline Berhad, Annual General Meeting, Feb 27, 2024 Hubline Berhad, Annual General Meeting, Feb 27, 2024, at 11:00 Singapore Standard Time. Location: Abell Hotel, 4th Floor, No. 22 Jalan Tunku Abdul Rahman, Kuching Malaysia Agenda: To receive the audited financial statements for the financial year ended 30 September 2023 together with the Report of the Directors and Auditors thereon; to re-elect Ms Katrina Ling Shiek Ngee who is retiring in accordance with Clause 18.2 of the company's Constitution and is offering herself for re-election; to re-elect Mr Bobby Lim Chye Huat who is retiring in accordance with Clause 18.2 of the company's Constitution and is offering himself for re-election; to approve Directors' fees of up to MYR 1,000,000.00 for the financial year ending 30 September 2024; to re-appoint Messrs Crowe Malaysia PLT as Auditors of the company and to hold office until the conclusion of the next Annual General Meeting and that the Directors be authorized to determine their remuneration; and to consider other matters. Buy Or Sell Opportunity • Jan 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to RM0.035. The fair value is estimated to be RM0.044, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Nov 30
Full year 2023 earnings released: EPS: RM0.001 (vs RM0.003 in FY 2022) Full year 2023 results: EPS: RM0.001 (down from RM0.003 in FY 2022). Revenue: RM233.4m (up 2.2% from FY 2022). Net income: RM4.21m (down 65% from FY 2022). Profit margin: 1.8% (down from 5.2% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. New Risk • Nov 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Malaysian stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.8% net profit margin). Market cap is less than US$100m (RM150.1m market cap, or US$32.1m). New Risk • Aug 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.8% Last year net profit margin: 6.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.8% net profit margin). Market cap is less than US$100m (RM171.6m market cap, or US$37.0m). Reported Earnings • May 23
Second quarter 2023 earnings released: EPS: RM0 (vs RM0.001 in 2Q 2022) Second quarter 2023 results: EPS: RM0 (down from RM0.001 in 2Q 2022). Revenue: RM46.9m (flat on 2Q 2022). Net income: RM970.0k (down 61% from 2Q 2022). Profit margin: 2.1% (down from 5.3% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 25
First quarter 2023 earnings released: EPS: RM0.001 (vs RM0.001 in 1Q 2022) First quarter 2023 results: EPS: RM0.001 (in line with 1Q 2022). Revenue: RM75.6m (up 11% from 1Q 2022). Net income: RM2.68m (down 31% from 1Q 2022). Profit margin: 3.5% (down from 5.7% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 22
Full year 2022 earnings released: EPS: RM0.003 (vs RM0.004 in FY 2021) Full year 2022 results: EPS: RM0.003 (down from RM0.004 in FY 2021). Revenue: RM228.4m (up 49% from FY 2021). Net income: RM11.9m (down 29% from FY 2021). Profit margin: 5.2% (down from 11% in FY 2021). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Jan 20
Hubline Berhad, Annual General Meeting, Mar 03, 2023 Hubline Berhad, Annual General Meeting, Mar 03, 2023, at 15:00 Singapore Standard Time. Location: Abell Room, 4th Floor, Abell Hotel, No.22 Jalan Tunku Abdul Rahman,93100 Kuching, Sarawak Sarawak Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 30 September, 2022 together with the Report of the Directors and Auditors thereon; To re-elect Tuan Haji Ikhwan Bin Zaidel who is retiring in accordance with Clause 18.9 of the Company's Constitution and is offering himself for re-election; To re-elect Mr Lai Lian Yee who is retiring in accordance with Clause 18.2 of the Company's Constitution and is offering himself for re-election; To re-elect Mr Peter Chin Mui Khiong who is retiring in accordance with Clause 18.2 of the Company's Constitution and is offering himself for re-election; To approve Directors' fees of RM800,000.00 for the financial year ending 30 September 2023; To re-appoint Messrs Crowe Malaysia PLT as Auditors of the Company and to hold office until the conclusion of the next Annual General Meeting and that the Directors be authorized to determine their remuneration;. Reported Earnings • Dec 03
Full year 2022 earnings released: EPS: RM0.003 (vs RM0.004 in FY 2021) Full year 2022 results: EPS: RM0.003 (down from RM0.004 in FY 2021). Revenue: RM229.2m (up 50% from FY 2021). Net income: RM12.9m (down 23% from FY 2021). Profit margin: 5.6% (down from 11% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Oct 31
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. Non Independent & Non Executive Director Ikhwan Bin Zaidel was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 02
Hubline Berhad Announces Appointment of Encik Ikhwan Bin Zaidel as Non Independent and Non Executive Director Hubline Berhad announced appointment of Encik Ikhwan Bin Zaidel as Non Independent and Non Executive Director. Date of change is 1 Sep. 2022. Working experience and occupation: 1983-1990: Project Officer of Sarawak Economic Development Corporation. 1991-1998: Pegawai Ekonomic of Yayasan Sarawak. 1998-2006: Board Secretary of Kuching Water Board. 2006 - present: Director of IBZ Corporation Sdn. Bhd. 2014 - present: Director of Mutiara Finance & Mortgage Sdn. Bhd. Encik Ikhwan Bin Zaidel has served the State Government for more than 20 years before venturing into the private sector. He also has wide knowledge and experience in the construction industry, finance and banking, aviation, oil and gas as well as telecommunication and digital business. Qualifications: B.SC (Hons) Mathematics & Management Science from University of Manchester, England, Asian Institute of Management (B.M.P). Reported Earnings • Aug 31
Third quarter 2022 earnings released: EPS: RM0.001 (vs RM0 in 3Q 2021) Third quarter 2022 results: EPS: RM0.001 (up from RM0 in 3Q 2021). Revenue: RM59.7m (up 48% from 3Q 2021). Net income: RM3.01m (up RM3.22m from 3Q 2021). Profit margin: 5.1% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • May 26
Second quarter 2022 earnings released: EPS: RM0.001 (vs RM0 in 2Q 2021) Second quarter 2022 results: EPS: RM0.001 (up from RM0 in 2Q 2021). Revenue: RM46.8m (up 32% from 2Q 2021). Net income: RM2.48m (up RM2.99m from 2Q 2021). Profit margin: 5.3% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. Independent Non Executive Director Bobby Lim was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Feb 27
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: RM0.001 (down from RM0.003 in 1Q 2021). Revenue: RM68.3m (up 99% from 1Q 2021). Net income: RM3.88m (down 71% from 1Q 2021). Profit margin: 5.7% (down from 39% in 1Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: RM0.004 (up from RM0.004 loss in FY 2020). Revenue: RM152.9m (up 13% from FY 2020). Net income: RM16.7m (up RM31.6m from FY 2020). Profit margin: 11% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Jan 09
Hubline Berhad (KLSE:HUBLINE) completed the acquisition of 75% equity interest in Absolute Privilege Sdn Bhd from Pau Chiong Ching. Hubline Berhad (KLSE:HUBLINE) entered into a shares sale agreement to acquire 75% equity interest in Absolute Privilege Sdn Bhd from Pau Chiong Ching for MYR 16.4 million on September 11, 2019. Under the terms of transaction, Hubline Berhad shall acquire 1.5 million ordinary shares of Absolute Privilege Sdn Bhd. Upon execution of the shares sale agreement, Hubline Berhad shall pay the sum of MYR 1.6 million representing 10% of the purchase consideration, as a refundable deposit and the balance MYR 14.7 million shall be paid within 180 days from the date of shares sale agreement.
The transaction is subject to due diligence, the approval of any public authority, the consent in writing of the other shareholder holding 25% of the issued paid up share capital of Absolute Privilege Sdn Bhd being obtained to the sale and transfer of the sale shares by Pau Chiong Ching to Hubline on or before the completion date; the written approvals and/or consents from the financiers of Absolute Privilege Sdn Bhd in relation to the borrowings; the written approvals and/ or consents of third parties; the approval of Hubline’s shareholders at a general meeting and the letter of approval for the loan facility having been issued to Hubline by a bank or financial institution on terms acceptable to Absolute Privilege Sdn Bhd.
Completion shall take place at the office of Absolute Privilege Sdn Bhd's company secretary whereupon Pau Chiong Ching shall deliver or cause to be delivered to Hubline, the share certificates and the relevant memoranda of transfer, a resolution in accordance with the Memorandum of Articles of Association or constitution of Absolute Privilege Sdn Bhd and letter of resignation of Pau Chiong Ching and his nominee(s) (if any) from the Board of Directors of Absolute Privilege Sdn Bhd.
Pau Chiong Ching acknowledges that Hubline Berhad shall require a bank loan of up to MYR 15 million to part finance the purchase consideration and Pau Chiong Ching agrees that in the event there is any delay in the approval of the loan facility or the disbursement of the loan facility to settle the balance of the purchase consideration, an extension of time of three (3) months from completion date (“extended completion date”) shall be given to Hubline Berhad to effect settlement thereof.
The transaction is expected to be completed in the March quarter 2020. The Purchase Consideration will be financed through internally generated funds and / or bank borrowings. The breakdown of the source of funding will only be determined later and will depend on, amongst others, the cash reserves and future funding requirements.
Hubline Berhad (KLSE:HUBLINE) completed the acquisition of 75% equity interest in Absolute Privilege Sdn Bhd from Pau Chiong Ching on January 7, 2022. Board Change • Dec 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. Independent Non Executive Director Bobby Lim was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Dec 01
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: RM0.004 (up from RM0.004 loss in FY 2020). Revenue: RM157.1m (up 16% from FY 2020). Net income: RM16.1m (up RM31.0m from FY 2020). Profit margin: 10% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Feb 02
Full year 2020 earnings released: RM0.004 loss per share (vs RM0.002 profit in FY 2019) The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: RM135.3m (up 8.7% from FY 2019). Net loss: RM14.9m (down 325% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Announcement • Jan 30
Hubline Berhad, Annual General Meeting, Mar 11, 2021 Hubline Berhad, Annual General Meeting, Mar 11, 2021, at 11:00 Singapore Standard Time. Location: at Wisma Hubline, Lease 3815 (Lot 10914), Section 64 KTLDl Jalan Datuk Abang Abdul Rahim, 93450 Kuching Sarawak Malaysia Agenda: To consider -elect mr peter chin mui khiong and ms katrina ling shiek ngee who is retiring in accordance with clause 18.2 of the company's constitution and is offering himself for re-election; to approve the payment of gratuity amounting RMB 480,000.00 to dato haji ibrahim bin haji baki; to approve the payment of directors' fees of the company amounting to RMB 450,000.00 for the financial year ending 30 September 2021; and to re-appoint messrs crowe malaysia plt as auditors of the company and to authorize the directors to determine their remuneration. Announcement • Dec 29
Lanacove Sdn Bhd acquired Hub Continental Shipping Sdn Bhd from Hubline Berhad (KLSE:HUBLINE) for MYR 1. Lanacove Sdn Bhd acquired Hub Continental Shipping Sdn Bhd from Hubline Berhad (KLSE:HUBLINE) for MYR 1 on December 28, 2020. Under the terms, Lanacove Sdn Bhd acquired 47.8 million shares of Hub Continental Shipping Sdn Bhd. Hub Continental Shipping Sdn Bhd will cease to be subsidiary of Hubline Berhad.
Lanacove Sdn Bhd completed the acquisition of Hub Continental Shipping Sdn Bhd from Hubline Berhad (KLSE:HUBLINE) on December 28, 2020. Reported Earnings • Nov 27
Full year 2020 earnings released: RM0.017 loss per share The company reported a soft full year result with weaker earnings and control over expenses, although revenues were improved. Full year 2020 results: Revenue: RM136.9m (up 10.0% from FY 2019). Net loss: RM65.0m (down RM71.6m from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 80% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. 
