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Insas on the move after strong earnings
by hlk Mon 24 Feb 2014, 11:46
KUALA LUMPUR: Shares of Insas rose to a high of 93 sen in active trade on Monday after it earnings rose 34.5% to RM40.92mil in the second quarter ended Dec 31, 2013.
At 10.15am, Insas was up 1.5 sen to 92 sen. There were 3.15 million shares done at prices ranging from 91 sen to 93 sen.
The FBM KLCI fell 1.09 points to 1,829.65. Turnover was 313 gainers, 260 losers and 284 counters unchanged. There were 313 gainers, 260 losers and 284 counters unchanged.
Last Friday, Insas reported its earnings rose 34.5% to RM40.92mil in Q2 ended Dec 31, 2013 from RM30.42mil a year ago. Revenue jumped 69% to RM80.67mil from RM47.69mil. EPS was 6.2 sen from 4.53 sen.
Notably its net asset per share was RM1.71 sen, which was 54.3% above its current market price of 93 sen.
In the first half, its earnings rose 65.2% to RM100.32mil from RM60.72mil a year ago. Its revenue rose to RM153.16mil from RM111.33mil.
At 10.15am, Insas was up 1.5 sen to 92 sen. There were 3.15 million shares done at prices ranging from 91 sen to 93 sen.
The FBM KLCI fell 1.09 points to 1,829.65. Turnover was 313 gainers, 260 losers and 284 counters unchanged. There were 313 gainers, 260 losers and 284 counters unchanged.
Last Friday, Insas reported its earnings rose 34.5% to RM40.92mil in Q2 ended Dec 31, 2013 from RM30.42mil a year ago. Revenue jumped 69% to RM80.67mil from RM47.69mil. EPS was 6.2 sen from 4.53 sen.
Notably its net asset per share was RM1.71 sen, which was 54.3% above its current market price of 93 sen.
In the first half, its earnings rose 65.2% to RM100.32mil from RM60.72mil a year ago. Its revenue rose to RM153.16mil from RM111.33mil.
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