Dolphin jumps 11.11% on plans to diversify into construction and property

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KUALA LUMPUR (March 4): Palm oil milling machinery manufacturer Dolphin International Bhd jumped 11.11% in early trade this morning after it proposed to diversify its business to include construction and property development to further expand its revenue stream and earnings base.

At 9.01am, Dolphin rose 1.5 sen to 15 sen with 742,800 shares traded.

In a filing with Bursa Malaysia, Dolphin said the group, via its wholly-owned subsidiary Dolphin Construction Sdn Bhd, had secured its first construction contract worth RM13.2 million from Syarqiah Holdings Sdn Bhd in June last year.