KUALA LUMPUR: SEG INTERNATIONAL BHD [] (SEGi) shares and warrants advanced in early trade on Friday, April 29 after its net profit for the first quarter ended March 31, 2011 surged 90.5% to RM18.12 million from RM9.51 million a year ago due to the increase in student enrolments at its institutions.
At 9.05am, SEGi shares rose seven sen to RM4.04 while its warrants added nine sen to RM2.94.
Revenue for the quarter rose to RM68.47 million from RM52.29 million in 2010. Earnings per share were 7.35 sen, while net asset per share was 77.2 sen.
It recorded marked improvement in student numbers and profitability in the previous year and the current quarter.
'This trend is expected to continue in 2011 and the foreseeable future as the group has put in place a firm foundation and strategy for sustainable growth,' it said.
At 9.05am, SEGi shares rose seven sen to RM4.04 while its warrants added nine sen to RM2.94.
Revenue for the quarter rose to RM68.47 million from RM52.29 million in 2010. Earnings per share were 7.35 sen, while net asset per share was 77.2 sen.
It recorded marked improvement in student numbers and profitability in the previous year and the current quarter.
'This trend is expected to continue in 2011 and the foreseeable future as the group has put in place a firm foundation and strategy for sustainable growth,' it said.
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