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Scientex up 1.4% on firmer 1Q earnings, dividend

Scientex up 1.4% on firmer 1Q earnings, dividend

Thu, 07 Dec 2017
12:33 pm

KUALA LUMPUR (Dec 7): Scientex Bhd rose 1.4% at mid-morning today after its net profit for the first financial quarter ended Oct 31, 2017 (1QFY18) rose 39% to RM72.4 million from RM52.06 million a year earlier, lifted by better sales from both its manufacturing and property development segments.

At 10.10am, Scientex rose 12 sen to RM8.70 with 63,400 shares done.

Earnings per share improved to 14.97 sen from 11.32 sen a year earlier. Quarterly revenue also increased 23% year-on-year to RM658.68 million from RM534.68 million.

Scientex declared a final dividend of 10 sen to be paid on Jan 26 next year. — theedgemarkets.com

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