Thursday, May 19, 2011

Dutch Lady rises on special dividend

KUALA LUMPUR: Shares of DUTCH LADY MILK INDUSTRIES BHD [] rose on Thursday, May 19 after it declared a special gross interim dividend of 30 sen per share in respect of the financial year ending Dec 31, 2011 to be paid on July 1.

At 9.05am, Dutch Lady was up 24 sen to RM17.80 with 3,400 shares traded.

Dutch Lady's net profit for the first quarter ended March 31, 2011 rose 36.2% to RM28.34 million from RM20.81 million a year earlier, due mainly to higher sales, favourable sales mix and cheaper carry-over stocks.

Revenue for the quarter rose to RM196.64 million from RM170.45 million in 2010. Earnings per share were 44.28 sen while net assets per share was RM3.53.

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