Tuesday 07 May 2024
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KUALA LUMPUR (July 25): Caring Pharmacy Group Bhd shares jumped 8.48% in thin trade this morning after its net profit rose 35% to RM5.87 million for the fourth quarter ended May 31, 2018, from RM4.36 million a year earlier, on higher sales due to aggressive promotional campaigns.

At 9.14am, Caring rose 14 sen to RM1.79 with 78,100 shares done.

Revenue for the quarter rose 8% to RM129.35 million, from RM119.5 million previously.

The group has proposed a first and final dividend of 5 sen per share for FY18.

Net profit for FY18 rose 41% to RM18.56 million from RM13.13 million in FY17, while revenue increased 11% to RM508.27 million from RM459.96 million.

 

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