This article first appeared in The Edge Financial Daily on December 20, 2017

D&O Green Technologies Bhd (-ve)
SHARES in D&O Green Technologies Bhd (fundamental: 1.8/3, valuation: 1.1/3) closed up one sen to 70.5 sen yesterday, after 4.54 million shares were done, compared with its 200-day average volume of 4,447,094 shares.

In the third quarter ended Sept 30, 2017 (3QFY17), D&O’s net profit about tripled year-on-year (y-o-y) to RM6.73 million from RM2.52 million. 

Besides stronger revenue, it saw better gross margin due to a favourable change in sales mixture and a weaker ringgit against the US dollar, euro and Chinese yuan, which led to better gross profit. It also booked RM4.32 million in other income versus other expense of RM1.68 million a year ago. 

Revenue rose 7.4% y-o-y to RM110.68 million from RM103.09 million.

For the cumulative nine months of FY17, D&O’s net profit rose 106.4% y-o-y to RM15.43 million from RM7.47 million, as revenue grew 9.7% to RM330.81 million from RM301.46 million.