Friday 29 Mar 2024
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KUALA LUMPUR (Sept 23): Shares of Bonia Corp Bhd gained 10.4% or 7.5 sen, after its subsidiaries BB Global Holdings Pte Ltd (BBGH) acquired intellectual property rights from Braum GmbH & Co KG (BBKG) in a deal worth EUR1.88 million (equivalent to RM9.21 million).

At 11.53pm, Bonia traded at 79.5 sen, with 7.7 million shares having exchanged hands.

Its share price gives the group a market capitalisation of RM596.65 million.

Year-to-date (YTD), Bonia’s shares have declined 18.32%, underperforming FBM KLCI’s YTD dip of 8.62%.

The clothing manufacturer reported a net profit of RM5.41 million or 0.67 sen a share for the fourth quarter financial year ended June 30, 2015 (4QFY15), a 39.3% drop from RM8.92 million or 1.11 sen a share a year ago.

Revenue for the period also dipped slightly to RM148.3 million, from RM165.86 million in 4QFY14.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

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