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Hot Stock Mitrajaya advances 2.46% on firmer 3Q earnings

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Hot Stock Mitrajaya advances 2.46% on firmer 3Q earnings

Post by Cals Thu 26 Nov 2015, 19:38

Hot Stock

[size=28]Mitrajaya advances 2.46% on firmer 3Q earnings

By Surin Murugiah / theedgemarkets.com | November 26, 2015 : 9:27 AM MYT

KUALA LUMPUR (Nov 26): Shares of Mitrajaya Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 1.50) rose 2.46% in early trade today after its net profit surged 97% to RM25.82 million or 4.08 sen per share for the third quarter ended Sept 30, 2015 (3QFY15) from RM13.12 million or 2.22 sen per share a year earlier, on higher contribution from the construction division and its South Africa investment.

At 9.08am, Mitrajaya rose 3 sen to RM1.25 with 523,00 shares traded.

Revenue for the quarter soared 59% to RM231.31 million from RM145.56 million in the previous year.

For the nine months ended Sept 30 (9MFY15), net profit jumped 66% to RM62.31 million from RM37.62 million in 9MFY14, while revenue was up 65% at RM636.1 million compared to RM384.44 million in the previous year.
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Cals: Administrator; Posts : 25277 Credits : 57721 Reputation : 1766
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Comments : â€œMy plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
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