Hai Leck

[cyclone]

Profit Guidance

The Board of Directors of Hai Leck Holdings Limited  would like to advise the shareholders that the Group is expected to record a loss for the first quarter ended 30 September 2019 (“1Q2020”).

The expected loss in 1Q2020 was mainly attributable to lower revenue during the quarter as a result of market conditions.

Further details of the Group’s financial performance will be disclosed when the Company announces its unaudited financial results for the 1Q2020 on or around 13 November 2019.

[bchang]

Hai Leck has a not so well known call centre business segment (under Tele-centre Services Pte Ltd) which has recorded huge growth in FY ending June 2020, with segment revenues increasing from S$7mil to S$50mil and segment earnings increasing from S$1mil to S$7mil.

Disclosure from the company in the annual report has been highly disappointing and does not provide any details. Maybe this big increase have something do with call centre outsourcing by government agencies during the covid-19 period.

[outgoing]

From the government procurement record, Hai Leck's call centre subsidiary, Tele-Centre Services has secured tenders since 2015, and the latest tender from People's Association for a S$5.3mil contract.

Source: https://data.gov.sg/dataset/government-procurement