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Friday, September 26, 2014

GPA gains 4.17% on optimistic outlook (Edge)

Shares of GPA Holdings Bhd advanced on Friday morning after an official of the company expressed hope for the return to return to profitability.

At 9.16am, the stock added 4.17% or half a sen to 12.5 sen with 3,200 shares done.

GPA Holdings, an automotive batteries manufacturer which is 23.26% owned by Tan Sri Robert Tan Hua Choon, hopes to return to the black in its financial year ending March 31, 2015 (FY15), after making losses in the past three financial years.

Eddie Tan Han Chuan, chairman of GPA, yesterday said the group will be focusing on non-automotive segment which provides better margins, and also on strengthening its foothold in foreign markets.

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