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NewsM’sia Smelting Corp rises on dividend plan
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M’sia Smelting Corp rises on dividend plan
by hlk Thu 11 Aug 2011, 12:52
KUALA LUMPUR: Shares of MALAYSIA SMELTING CORPORATION [] Bhd rose on Thursday, Aug 11 after the company declared a gross interim dividend of 12 sen per share to be paid on Sept 28.
At 9.10am, MSC added 28 sen to RM4.42 with 17,000 shares traded.
The company’s net profit for the second quarter ended June 30, 2011 surged to RM36.3 million from RM7.98 million a year earlier due mainly to better results from its Butterworth smelting operations and investments in KM Resources Inc.
At 9.10am, MSC added 28 sen to RM4.42 with 17,000 shares traded.
The company’s net profit for the second quarter ended June 30, 2011 surged to RM36.3 million from RM7.98 million a year earlier due mainly to better results from its Butterworth smelting operations and investments in KM Resources Inc.
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