KUALA LUMPUR: HARTALEGA HOLDINGS BHD [] shares rose on Wednesday, May 11 after its net profit for the fourth quarter ended March 31, 2011 rose 12.9% to RM52.39 million from RM46.41 million a year earlier, driven by continuous expansion in production capacity, increase in demand, effective cost control and improvement in production processes.
At 9.15am, Hartalega was up seven sen to RM5.77 with 7,300 shares traded.
Revenue for the quarter was up 17.8% to RM192.52 million from RM163.39 million. Earnings per share was 14.41 sen while net assets per share was RM1.36.
The company declared a third interim dividend of 6 sen per share single tier in respect of the financial year ended March 31, 2011 and payable on June 10.
For the financial year ended March 31, Hartalega's net profit rose 33% to RM190.16 million from RM142.91 million, on the back of a 28.5% increase in revenue to RM734.92 million from RM571.89 million
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At 9.15am, Hartalega was up seven sen to RM5.77 with 7,300 shares traded.
Revenue for the quarter was up 17.8% to RM192.52 million from RM163.39 million. Earnings per share was 14.41 sen while net assets per share was RM1.36.
The company declared a third interim dividend of 6 sen per share single tier in respect of the financial year ended March 31, 2011 and payable on June 10.
For the financial year ended March 31, Hartalega's net profit rose 33% to RM190.16 million from RM142.91 million, on the back of a 28.5% increase in revenue to RM734.92 million from RM571.89 million
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