KUALA LUMPUR: Ajinomoto (Malaysia) Bhd shares rose on Wednesday, June 1 after the company proposed dividend of 20 sen per share in respect of the FY ended March 31, 2011 comprising a first and final gross dividend of nine sen; a nine sen tax-exempt dividend as well as special gross dividend of two sen per share.
At 10.25am, Ajinomoto rose 12 sen to RM4.18 with 139,200 shares traded.
Ajinomoto's net profit for the fourth quarter ended March 31, 2011 rose to RM5.39 million from RM1.48 million a year earlier, due mainly to lower sales and marketing expenses.
Revenue for the quarter increased to RM76.97 million from RM71.88 million in 2010. Earnings per share was 8.88 sen while net assets per share was RM3.62.
The company said on Tuesday, May 31 that the better performance was due to better pricing achieved from retail products with improved consumer confidence in the domestic market.
At 10.25am, Ajinomoto rose 12 sen to RM4.18 with 139,200 shares traded.
Ajinomoto's net profit for the fourth quarter ended March 31, 2011 rose to RM5.39 million from RM1.48 million a year earlier, due mainly to lower sales and marketing expenses.
Revenue for the quarter increased to RM76.97 million from RM71.88 million in 2010. Earnings per share was 8.88 sen while net assets per share was RM3.62.
The company said on Tuesday, May 31 that the better performance was due to better pricing achieved from retail products with improved consumer confidence in the domestic market.
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