Power Root posts Q2 net profit of RM5.6mil, div of 1.2 sen/share

It said in a statement that the acquisition would be satisfied via a combination of RM26mil cash and the issuance of 58.5 million new ordinary shares in Bintai Kinden at 41 sen each.

KUALA LUMPUR: Power Root Bhd recorded a net profit of RM5.6mil in the second quarter of its financial year ending March 31, 2021, compared to a net profit of RM8.45mil in the previous corresponding quarter due to higher advertising and marketing expenses.

Earnings per share was 1.3 sen compared to two sen in the year-ago quarter.