KUALA LUMPUR (May 28): SHL Consolidated Bhd rose as much as 4% after announcing fourth quarter net profit jumped 208% from a year earlier. The property developer also declared a dividend of 10 sen a share.
SHL (fundamental: 1.95; valuation: 2) rose as much as 15 sen to RM3.55 before paring gains. At 10am, SHL was traded at RM3.53 with some 400,000 shares transacted.
The company's share price compares with its latest reported net assets per share of RM2.88.
Yesterday, SHL said net profit jumped to RM44.25 million in the fourth quarter ended March 31, 2015 (4QFY15) from RM14.35 million. Revenue was higher at RM60.98 million versus RM37.77 million.
The improved quarterly results pulled its full-year net profit up to RM104.57 million from RM55.82 million a year earlier while revenue rose to RM230.3 million from RM204.93 million.
SHL's dividend of 10 sen a share for 4QFY15 brings full-year dividends to 17 sen a share.
SHL (fundamental: 1.95; valuation: 2) rose as much as 15 sen to RM3.55 before paring gains. At 10am, SHL was traded at RM3.53 with some 400,000 shares transacted.
The company's share price compares with its latest reported net assets per share of RM2.88.
Yesterday, SHL said net profit jumped to RM44.25 million in the fourth quarter ended March 31, 2015 (4QFY15) from RM14.35 million. Revenue was higher at RM60.98 million versus RM37.77 million.
The improved quarterly results pulled its full-year net profit up to RM104.57 million from RM55.82 million a year earlier while revenue rose to RM230.3 million from RM204.93 million.
SHL's dividend of 10 sen a share for 4QFY15 brings full-year dividends to 17 sen a share.
SHL (6017) - SHL rises 4% on significantly better FY15 results, dividend
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