Vizione active, up 3.45% on posting record earnings

KUALA LUMPUR (July 26): Shares in Vizione Holdings Bhd rose 3.45% in active trade this morning after the company posted another quarter of record earnings as net profit soared by 60.4 times to RM11 million in the fourth quarter ended May 31, 2018 (4QFY18) compared with RM183,000 a year ago, mainly due to construction works undertaken during the period by a newly acquired subsidiary.

At 9.20am, Vizione rose 0.5 sen to 15 sen with 40.89 million shares traded.

The group also saw revenue increase by about 6.9 times to RM110.7 million in the quarter from RM16.1 million in 4QFY17.

For the full financial year ended May 31, 2018 (FY18), Vizione saw net profit grow by 43.8 times to RM26.2 million from RM598,000 the previous year.

The group's FY18 revenue is 8.4 times higher at RM413.2 million compared with RM49.1 million in FY17. — theedgemarkets.com

For more stories, download EdgeProp.my pullout here for free.