Thursday, November 11, 2010

Latexx up on firmer earnings

KUALA LUMPUR: Shares of LATEXX PARTNERS BHD [] climbed in early trade on Thursday, Nov 11 after it reported a set of stronger earnings in the third quarter at RM17.62 million.

At 9.07am, it was up six sen to RM2.84 with 293,500 shares done.

The FBM KLCI shed 1.38 points to 1,526.63. Turnover was 76.82 million shares valued at RM65.64 million. Gainers beat losers more than three to one, with 164 advancers to 53 decliners.

Latexx said earnings rose 23.5% from RM14.27 million a year ago. Revenue rose 60.7% to RM129.87 million from RM80.84 million. Profit before tax rose 41.3% to RM20.16 million from RM14.27 million.

Earnings per share were 8.19 sen compared with 7.33 sen. It declared an interim dividend of 2.5 sen per share.


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