Friday, August 12, 2011

M'sia Smelting Corp extends gains

KUALA LUMPUR: Shares of MALAYSIA SMELTING CORPORATION [] Bhd(MSC) extended their gains on Friday, Aug 12 after the company declared a gross interim dividend of 12 sen per share to be paid on Sept 28.

At 12.30pm, MSC added 18 sen to RM4.54 with 121,000 shares traded.

The company said on Aug 10 that its net profit for the second quarter ended June 30, 2011 surged to RM36.3 million from RM7.98 million a year earlier due mainly to better results from its Butterworth smelting operations and investments in KM Resources Inc


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