KUALA LUMPUR: AJIYA BHD [] shares edged up in early trade on Wednesday, July 20 after its net profit for the second quarter ended May 31, 2011 rose 13.68% to RM7.23 million from RM6.36 million a year earlier on the back of a higher turnover for the period.
At 9.10am, Ajiya rose three sen to RM1.79 with 24,500 shares done.
Its revenue rose 15.5% to RM100.95 million from RM87.39 million in 2010, due mainly to better market sentiment. Earnings per share were 10.41 sen, while net assets per share were RM2.95.
For the six months ended May 31, however, Ajiya's net profit fell to RM10.55 million from RM12.01 million despite posting revenue RM181.72 million compared to RM164.04 million a year earlier.
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At 9.10am, Ajiya rose three sen to RM1.79 with 24,500 shares done.
Its revenue rose 15.5% to RM100.95 million from RM87.39 million in 2010, due mainly to better market sentiment. Earnings per share were 10.41 sen, while net assets per share were RM2.95.
For the six months ended May 31, however, Ajiya's net profit fell to RM10.55 million from RM12.01 million despite posting revenue RM181.72 million compared to RM164.04 million a year earlier.
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