KUALA LUMPUR (Nov 21): Shares in Malton Bhd rose 3.96% this morning after the property developer saw its net profit surge four times to RM25.93 million for the first financial quarter ended Sept 30, 2017 (1QFY18), from RM6.26 million a year ago, after recognising a gain of RM23.8 million from a subsidiary due to the revocation of a joint development agreement.
At 9.05am, Malton rose 4 sen to RM1.05 with 420,800 shares traded.
Quarterly revenue, however, slid 4% y-o-y to RM125.12 million from RM130.04 million. — theedgemarkets.com
For more stories, download EdgeProp.my pullout here for free.
TOP PICKS BY EDGEPROP
Residensi Suasana @ Damai
Damansara Damai, Selangor
Rentak Perdana @ LBS Alam Perdana
Bandar Puncak Alam, Selangor
Pangsapuri Gapura Bayu @ Jade Hills
Kajang, Selangor
Tropicana Aman 1
Telok Panglima Garang, Selangor