KUALA LUMPUR: Shares of HPI RESOURCES BHD [], which is involved in paper milling and corrugated packaging, fell below the RM3 level in afternoon trade on Tuesday, May 3.
At 3.25pm, it was down 21 sen to RM2.96, the lowest since mid-March as investors took profit in the recent run-up of its share price.
The FBM KLCI was down 3.29 points to 1,531.66. Turnover was 673.41 million shares valued at RM697.43 million. There were 211 gainers, 510 losers and 250 stocks unchanged.
HPI Resources reported its net profit for the third quarter ended Feb 28, 2011 rose 121.5% to RM6.94 million from RM3.13 million a year ago. Revenue for the quarter rose by 11.6% to RM105.43 million from RM94.46 million in 2010, while earnings per share were 12.43 sen. Net assets per share RM2.87
For the nine months ended Feb 28, 2011, HPI's net profit rose 32.2% to RM20.63 million on the back of revenue RM314.66 million.
As at Feb 28, its trade receivables were RM88.05 million while borrowings were RM101.40 million. It had cash of RM29.38 million.
At 3.25pm, it was down 21 sen to RM2.96, the lowest since mid-March as investors took profit in the recent run-up of its share price.
The FBM KLCI was down 3.29 points to 1,531.66. Turnover was 673.41 million shares valued at RM697.43 million. There were 211 gainers, 510 losers and 250 stocks unchanged.
HPI Resources reported its net profit for the third quarter ended Feb 28, 2011 rose 121.5% to RM6.94 million from RM3.13 million a year ago. Revenue for the quarter rose by 11.6% to RM105.43 million from RM94.46 million in 2010, while earnings per share were 12.43 sen. Net assets per share RM2.87
For the nine months ended Feb 28, 2011, HPI's net profit rose 32.2% to RM20.63 million on the back of revenue RM314.66 million.
As at Feb 28, its trade receivables were RM88.05 million while borrowings were RM101.40 million. It had cash of RM29.38 million.
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