KUALA LUMPUR (Sept 19): Superlon Holdings Bhd rose 5.83% this morning after the group said it expects its top-line growth for the financial year ending April 30, 2019 (FY19) to rise at a faster rate of 10%, mainly driven by growing production capacity at its new factory in Vietnam, and increasing sales volume.

At 11.40am, Superlon rose 7 sen to RM1.27, with 351,500 shares done.

"Last year, our top line and bottom line were affected by currency exchanges. We hope to see a 10% growth in top line [in FY19] in US dollar terms," its executive director Liu Han Chao told a press conference, after the group’s annual general meeting yesterday.

For the full year (FY18), its net profit fell 48.3% year-on-year (y-o-y) to RM12.2 million, due mainly to an unfavourable foreign exchange rate and higher raw material prices, although revenue rose 2.9% y-o-y to RM109.38 million, from RM106.27 million.