EMICO (5091) - Hot Stock - Emico jumps 12.2% after turning to profitability

KUALA LUMPUR (May 26): Shares of Emico Holdings Bhd  jumped 12.2% in late morning trades today after the company posted stellar financial results.

At 12.04pm, Emico rose 2.5 sen to 23 sen with 12.23 million shares done.

Emico posted a net profit of RM2.38 million for the fourth quarter ended Mach 31, 2015 on the back of revenue of RM27.75 million compared to net loss RM1.36 million on the back of revenue RM15.64 million.

For the financial year ended March 31, Emico posted a net profit of RM1.79 million compared to net profit RM27,000 on the back of revenue RM75.44 million versus RM69.26 million.

EMICO (5091)

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