KUALA LUMPUR (May 27): Malpac Holdings Bhd’s share price hit limit up in Bursa Malaysia’s morning trade today after the oil palm planter reported on Tuesday (May 25) a third-quarter net profit of RM5.39 million from a net loss of RM3.28 million a year earlier.
At 10.34am today, Malpac’s share price rose 29.5 sen or 32.6% to RM1.20.
Malaysian markets resumed trading today after markets were closed yesterday (May 26) in conjunction with the Wesak Day holiday.
On Tuesday (May 25), Malpac said revenue for the third quarter ended March 31, 2021 (3QFY21), however, fell to RM638,000 from RM895,000.
For the nine months ended March 31, 2021 (9MFY21), Malpac said cumulative net profit stood at RM12.62 million versus a net loss of RM3.25 million a year earlier while revenue rose to RM4.31 million from RM2.76 million.
More to follow
Source : The Edge Market