KUALA LUMPUR (May 31): DRB-Hicom Bhd shares rose 8.08% in active trade after the conglomerate saw its fourth quarter ended March 31, 2019 (4QFY19) posting a net profit of RM127.86 million, from a net loss of RM59.41 a year ago, on the back of good financial performance from all key operating companies, except for Pos Malaysia Bhd. Quarterly revenue rose 16.37% y-o-y to RM3.47 billion, from RM2.98 billion.

At 9.30am, DRB-Hicom rose 16 sen to RM2.14 with 9.02 million shares traded.

However, FY19 net profit declined 71.45% to RM122.87 million, from RM430.37 million, due to higher taxation of RM230.67 million, from RM91.58 million a year ago. Revenue grew 1.85% to RM12.48 billion, from RM12.25 billion in FY18.