Saturday 27 Apr 2024
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KUALA LUMPUR (Oct 31): Shares in Kronologi Asia Bhd, which recorded a doubling in net profit in its third quarter ended Sept 30, 2018 (3QFY18) to RM5 million from RM2.51 million a year ago, jumped 11.93% in active trade this morning after the group said it expects its FY18 to outperform its FY17.

At 9.34am, Kronologi rose 6.5 sen to 61 sen with 4.68 million shares done.

The group's 3QFY18 earnings grew as revenue jumped by 49% to RM41.98 million from RM28.1 million, driven by higher sales volume recorded in Singapore and the consolidation of operating results from its wholly-owned subsidiary Quantum Storage (Hong Kong) Ltd. Acquisition of the subsidiary was completed in December 2017.

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