KUALA LUMPUR: MALAYSIA SMELTING CORPORATION [] Bhd shares rose in early trade on Tuesday, May 10 after it posted net profit RM28.28 million for the first quarter ended March 31, 2011 compared to net loss RM29.13 million a year earlier, due mainly to higher tin prices.
At 9.15am, MSC jumped 22 sen to RM4.60 with 98,600 shares traded.
In a filing to Bursa Malaysia on Monday, May 9, MSC said revenue for the quarter rose 13.3% to RM737.87 million from RM651.18 million. Earnings per share was 30.40 sen while net assets per share was RM3.89.
It said the increase in net profit was due mainly to higher operating profits by its tin mining and smelting operations in Malaysia and Indonesia on the back of higher tin prices.
On its current year prospects, MSC said it expects its overall performance for 2011 to be better than last year
''
At 9.15am, MSC jumped 22 sen to RM4.60 with 98,600 shares traded.
In a filing to Bursa Malaysia on Monday, May 9, MSC said revenue for the quarter rose 13.3% to RM737.87 million from RM651.18 million. Earnings per share was 30.40 sen while net assets per share was RM3.89.
It said the increase in net profit was due mainly to higher operating profits by its tin mining and smelting operations in Malaysia and Indonesia on the back of higher tin prices.
On its current year prospects, MSC said it expects its overall performance for 2011 to be better than last year
''
No comments:
Post a Comment