KUALA LUMPUR : Shares of Comintel Corp gained as much as 25 sen to 89 sen per share in Monday's morning trading session as investors continued accumulating the stock following a strong set of earnings in the third quarter ended Oct 31, 2015.
The stock hit an seven year high of 89 sen at 12pm, representing a rise of 25 sen from Friday’s closing price of 64 sen.It subsequently pared down the gains and was last traded at 84 sen as at 12.30pm.
The company reported a strong improvement in earnings in its third quarter ended Oct 31, 2015. Its net profit grew to RM4.86mil from RM871,000 during the same quarter a year ago.
Comintel’s revenue similarly improved to RM109.85mil from RM83.77mil on the back of higher sales volume from its manufacturing segment.