Quick take: Tomei shares at five months high

KUALA LUMPUR: Shares in Tomei Consolidated Bhd rose to its highest in five months in early trade Wednesday after its net profit tripled in the first quarter.

The jeweller rose 7.22%, or 6.5 sen to 96.5 sen, its highest since early January 2021, with over 1.5 million shares done. Year-to-date, Tomei has appreciated some 12.8%.

Tomei’s net proft for the first quarter ended March 31, 2021 (1Q) jumped more than three times year-on-year (y-o-y) to RM13.76mil, from RM4mil, on higher revenue.