KUALA LUMPUR: Shares of Pacific & Orient Bhd rose in early trade on Monday, Aug 2 on news reports that Prudential could be keen to acquire a stake in the insurance company.
At 9.54am, P&O was up 9.5 sen to RM1.02, off the early high of RM1.09. There were 8.79 million shares done.
A wire report said Prudential could be targeting stake in the local insurer.
P&O posted net profit of RM3.247 million in its second quarter ended March 31, 2010 versus RM2.51 million a year ago. Its revenue was RM134.83 million versus RM111.63 million a year ago.
At 9.54am, P&O was up 9.5 sen to RM1.02, off the early high of RM1.09. There were 8.79 million shares done.
A wire report said Prudential could be targeting stake in the local insurer.
P&O posted net profit of RM3.247 million in its second quarter ended March 31, 2010 versus RM2.51 million a year ago. Its revenue was RM134.83 million versus RM111.63 million a year ago.
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