KUALA LUMPUR (June 27): Glomac Bhd shares rose on Wednesday after its net profit for the fourth quarter ended April 30, 2012 rose 48.1% to RM22.25 million from RM15.02 million a year earlier.
At 11.50am, Glomac was up half a sen to 84.5 sen with 725,500 shares done.
Revenue for the quarter jumped 61.% to RM247.66 million from RM153.74 million in 2012.
Earnings per share was 3.90 sen compared to 2.54 sen a year earlier, whiel net assets per share was RM1.12.
Glomac proposed a second and final gross dividend of 2.75 sen per share n respect of financial year ended 30 April 2012, subject to shareholders’ approval.