KUALA LUMPUR: Shares of Malton Bhd
soared 5% in early trade on Wednesday, buoyed by its latest quarterly results.
The counter rose five sen, or 5.05% to RM1.04 while Malton-WB gained 4.5 sne to 39.5 sen. Malton has already risen 56% this year.
Malton’s net profit more than double to RM48.17mil in the fourth quarter ended June 30, from RM21.27mil a year ago.
Its revenue rose to RM334.69mil during the quarter compared with RM220.44mil previously.
For the full financial year ended June 30, Malton posted a net profit of RM62.52mil on revenue of RM817.08mil.
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