Wednesday, December 22, 2010

Subur Tiasa advances in early trade

KUALA LUMPUR:SUBUR TIASA HOLDINGS BHD [] shares rose in early trade on Wednesday, Dec 22 after the company's net profit for the first quarter ended Oct 31, 2010 jumped 41.4% to RM10 million from RM7.07 million a year earlier.

At 9.35am, Subur added 12 sen to RM2.40 with 31,000 shares done.

The company attributed its results to the higher profit derived from the forest operations as a result of increase in average selling price of logs.


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