Wednesday, November 16, 2011

Dutch Lady up on earnings, dividend

KUALA LUMPUR (Nov 16): Dutch Lady ''Milk Industries Bhd's shares advanced on Wednesday, Nov 16 after its third quarter earnings rose 77% to RM23.60 million from RM13.32 million a year ago boosted by lower operating costs, higher sales and favourable sales mix.

At 9.45am, Dutch Lady gained 70 sen to RM22.50 with 4,700 shares traded.

It said on Tuesday revenue increased by 9.85% to RM201.71 million from RM183.62 million while earnings per share were 36.87 sen compared with 20.82 sen.

It declared a dividend of 35 sen per share.

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