KUALA LUMPUR (March 24): Thermal insulator manufacturer Superlon Holdings Bhd's net profit grew 45.32% to RM6.25 million or 7.88 sen per share for the quarter ended Jan 31, 2017 (3QFY17), from RM4.30 million or 5.42 sen per share a year ago, thanks to increased sales of copper pipes.

In its quarterly report to Bursa Malaysia, Superlon said revenue increased 15.48% to RM25.80 million from RM22.34 million in 3QFY16.

Over the nine-month period (9MFY17), Superlon's net profit was 33.86% higher at RM17.34 million, as compared to RM12.96 million in 9MFY16, while revenue advanced by 10.36% to RM73.72 million, from RM66.81 million.

Based on the current demand trend, Superlon expects to achieve 'satisfactory' results for the remaining quarter in FY17.

The group declared a special dividend of six sen per share, payable on May 5.

Superlon's share price gained 10 sen or 3.85% to RM2.70 today, giving it a market capitalisation of RM214.38 million.