Tuesday, June 22, 2010

DFZ Capital up on dividend proposal

KUALA LUMPUR: DFZ CAPITAL BHD [] share price rose Tuesday, June 22 after it proposed a five sen dividend per share, as well as reporting a 152% jump in net profit to RM23.28 million in the first quarter ended May 30, 2010 from RM9.23 million a year ago mainly due to contributions from newly acquired subsidiaries.

At 9.37am, DFZ added five sen to RM3.45 with 5,000 shares traded.

The company's 1Q revenue was slightly higher at RM127.81 million from RM120.27 million. When compared with the fourth quarter ended Feb 28, 2010, revenue for the current quarter fell about RM27.1 million mainly due to more sales from customers during the year-end school holidays and festive season.


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