HupSteel, one of Asia's leading one-stop shop for specialized steel products, achieved record FY05 revenue and net profit of $197.8m and $21.6m, respectively, boosted by buoyant energy and marine sector demand. It has distributed up to 41% of its net profit after tax as dividend for FY05.

Looking ahead, the Group is broadening its product offerings, and expanding beyond its traditional stronghold to growing markets in Indochina and the Middle East. HupSteel is also well-positioned to benefit from the recovery in the construction sector.

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