Glomac not bad propose 2.75 cents

KUALA LUMPUR (June 27): 

GLOMAC BHD [] shares rose on Wednesday after its  net profit for the fourth quarter ended April 30, 2012 rose 48.1% to RM22.25 million from RM15.02 million a  year earlier.

At 11.50am, Glomac was up half a sen to 84.5 sen with 725,500 shares done.

Revenue for the quarter jumped 61.% to RM247.66 million from RM153.74 million in 2012.

Earnings per share was 3.90 sen compared to 2.54 sen a year earlier, whiel net assets per share was RM1.12.
Glomac proposed a second and final gross dividend of 2.75 sen per share n respect of financial year ended 30 April 2012, subject to shareholders’ approval.