KUALA LUMPUR: Shares of Amway (Malaysia) Holdings Bhd surged to multi-year highs on Tuesday, Nov 16 after it posted a stronger set of earnings and also declared 39 sen in dividends.
At 10.43am, it was up 28 sen to RM8.52 with 15,300 shares done.
It outperformed the FBM KLCI which was up 0.44 of a point to 1,502. Turnover was 371.81 million shares valued at RM322.85 million. The broader market was cautious with 315 losers to 185 gainers and 267 stocks unchanged.
Amway's net profit for the third quarter ended Sept 30, 2010 rose marginally to RM21.51 million from RM20.48 million a year ago due to increase in sales revenue.
Revenue for the quarter rose to RM191.5 million from RM174.87 million last year, while earnings per share were 13.08 sen.
Amway declared a third interim single tier dividend of nine sen net per share and special interim single tier dividend of 30 sen net per share for the financial year ending Dec 31, 2010.
At 10.43am, it was up 28 sen to RM8.52 with 15,300 shares done.
It outperformed the FBM KLCI which was up 0.44 of a point to 1,502. Turnover was 371.81 million shares valued at RM322.85 million. The broader market was cautious with 315 losers to 185 gainers and 267 stocks unchanged.
Amway's net profit for the third quarter ended Sept 30, 2010 rose marginally to RM21.51 million from RM20.48 million a year ago due to increase in sales revenue.
Revenue for the quarter rose to RM191.5 million from RM174.87 million last year, while earnings per share were 13.08 sen.
Amway declared a third interim single tier dividend of nine sen net per share and special interim single tier dividend of 30 sen net per share for the financial year ending Dec 31, 2010.
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