Swift doubles net profit in 3Q on one-off gains

MIDF Research maintained its earnings estimates.

PETALING JAYA: Swift Haulage Bhd’s encouraging quarterly results may have excited some investor, but analysts have a different view.

The company more than doubled its net profit to RM28.39mil for the third quarter ended Sept 30, 2023 (3Q23), with its share price touching a 14-month high of 61.5 sen yesterday morning.