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Analabs up after 4Q net profit surges 90.4%
by hlk Wed 29 Jun 2011, 11:53
KUALA LUMPUR: ANALABS RESOURCES BHD [] shares rose on Wednesday, June 29 after the company’s 4Q net profit surged 90.4% to RM7.12 million from RM3.74 million a year earlier, due mainly to effective cost management.
At 9.30am, Analabs added seven sen to RM1.66 with 111,200 shares traded.
For the financial year ended April 30, 2011, Analabs posted net profit RM17.67 million on the back of revenue RM138.36 million.
The company said on June 28 that on the backdrop of an improving economic climate, it expected a positive contribution from the resin impregnated papers manufacturing and sale business it had acquired.
Analabs said its prospects for 2012 were expected to be satisfactory.
At 9.30am, Analabs added seven sen to RM1.66 with 111,200 shares traded.
For the financial year ended April 30, 2011, Analabs posted net profit RM17.67 million on the back of revenue RM138.36 million.
The company said on June 28 that on the backdrop of an improving economic climate, it expected a positive contribution from the resin impregnated papers manufacturing and sale business it had acquired.
Analabs said its prospects for 2012 were expected to be satisfactory.
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