Cypark up 9.5% on higher profit, revenue

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KUALA LUMPUR (July 1): Cypark Resources Bhd rose as much as 16 sen or 9.5% after the environmental engineering specialist reported better second quarter and first half financials from a year earlier.

Yesterday (June 30), Cypark (fundamental: 1.3; valuation: 2.4) said it posted higher net profit of RM14.55 million for the second quarter ended April 30, 2015, from RM13.65 million. Revenue climbed to RM72.95 million, from RM68.92 million.

Cumulative first-half net profit increased to RM23.08 million, from RM21.38 million a year earlier. Revenue was higher at RM132.87 million versus RM120.38 milion.

Today, Cypark shares reached an intraday high of RM1.85, before paring gains at afternoon market break.

At 12:30pm, the stock settled at RM1.77, with 901,400 shares exchanged.

(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.)