KUALA LUMPUR: GLOBETRONICS TECHNOLOGY [] BHD []'s share price rose on Wednesday, July 28 after the company reported a 108% jump in its net profit to RM7.59 million for the second quarter ended June 30, 2010 from RM3.64 million a year ago.
At 9.46am, the stock added five sen to RM1.51 with 831,300 shares done.
On Tuesday, the company said the higher profit was due to mainly to continuous higher volume loadings from its key customers.
Revenue rose 31% to RM69.11 million from RM52.61 million, while earnings per share rose to 2.87 sen from 1.39 sen a year earlier.
For the six months ended June 30, revenue rose by 41.8% to RM129.32 million from RM90.68 million, while net profit was up 2.6 times to RM13.74 million from RM3.84 million in 2009.
At 9.46am, the stock added five sen to RM1.51 with 831,300 shares done.
On Tuesday, the company said the higher profit was due to mainly to continuous higher volume loadings from its key customers.
Revenue rose 31% to RM69.11 million from RM52.61 million, while earnings per share rose to 2.87 sen from 1.39 sen a year earlier.
For the six months ended June 30, revenue rose by 41.8% to RM129.32 million from RM90.68 million, while net profit was up 2.6 times to RM13.74 million from RM3.84 million in 2009.
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