George Kent shares up on positive Q3 results


PETALING JAYA: George Kent (Malaysia) Bhd’s share price jumped 1.77% this morning after its net profit for the third quarter ended Oct 31, 2017 rose 20.79% to RM28.68 million from RM23.74 million a year ago due to higher profit contribution from the engineering and metering divisions.

As at 11.34am, George Kent is the 22nd top gainer on Bursa Securities. Its share price stood at RM3.45 with 385,900 million shares changing hands.

The group’s revenue for the third quarter rose 4.09% to RM127.09 million from RM122.09 million a year ago, derived mainly from the sales of water meters locally.

For the nine months ended Oct 31, 2017, its net profit rose 22.42% to RM72.55 million from RM59.26 million a year ago while revenue rose 8.36% to RM444.08 million from RM409.82 million a year ago.

Read the original story on: TheSunDaily.My