Translate This Page

Tuesday, February 25, 2014

Insas on the move after strong earnings (Star)

Shares of Insas rose to a high of 93 sen in active trade on Monday after it earnings rose 34.5% to RM40.92mil in the second quarter ended Dec 31, 2013.

Last Friday, Insas reported its earnings rose 34.5% to RM40.92mil in Q2 ended Dec 31, 2013 from RM30.42mil a year ago. Revenue jumped 69% to RM80.67mil from RM47.69mil. EPS was 6.2 sen from 4.53 sen.

Notably its net asset per share was RM1.71 sen, which was 54.3% above its current market price of 93 sen.

In the first half, its earnings rose 65.2% to RM100.32mil from RM60.72mil a year ago. Its revenue rose to RM153.16mil from RM111.33mil.

No comments: