March 8, 2016 : 10:24 AM MYT
Innity Corporation Bhd (-ve)
SHARES of Innity (Fundamental: 1.8/3, Valuation: 0.8/3) fell 7.9% to close at 70 sen yesterday. The stock has jumped 72.7% to a high of 76 sen after the release of its financial results for the fourth quarter ended Dec 31, 2015 (4QFY15) on Feb 25.
For 4QFY15, revenue more than doubled to RM23.8 million from RM10.8 a year ago, on higher contributions from all segments except China and Vietnam. Net profit, meanwhile, tripled to RM1.5 million, from RM490,000 a year ago.
Going forward, though the company is cautious on business outlook in the medium term, it is optimistic that it will continue to innovate and deliver effective data-driven online marketing advertising solutions in the longer term.
Established in 1999, Innity is the leading provider of interactive online marketing platforms and technologies for advertisers and publishers. Innity has operations in Malaysia, Singapore, Indonesia, Thailand, Hong Kong and China, Taiwan, and Vietnam. It is currently expanding to other countries within the region.
INNITY (0147) - Stock With Momentum: Innity Corporation
http://www.theedgemarkets.com/my/article/stock-momentum-innity-corporation?type=Stock%20with%20Momentum
