Wing Tai up on firm 3Q earnings

KUALA  LUMPUR (May 15): Wing Tai Malaysia Bhd shares advanced on Tuesday after its  net profit for the third quarter ended March 31, 2012 rose 31.45% to RM24.28 million from Rm18.47 million a year earlier, due mainly to higher revenue from the property development and retail divisions.

At 10.25am, Wing Tai gained five sen to RM1.70 with 279,000 shares done.

The company said on Monday that its revenue for the quarter rose 21,.35% to RM116.74 million from RM96.19 million in 2011.

 

Loading...

Comments on Yahoo! pages are subject to our link to Comments Guidelines. You are responsible for any content that you post. Yahoo! is not responsible or liable in any way for comments posted by its users. Yahoo! does not in any way endorse or support comments made by its users.