<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 29): Shares in Econpile Holdings Bhd rose 2.67% this morning after its net profit for for the fourth quarter ended June 30, 2019 rose 19% to RM23.17 million from RM19.46 million a year earlier, driven mainly by &nbsp;contribution from infrastructure projects.</p></div>

<div class=newsTextDataWrapInner><p>At 9.08am, Econpile added 2 sen to 77 sen, valuing the group at RM1.03 billion.</p></div>

<div class=newsTextDataWrapInner><p>However, revenue for the quarter declined to RM176.60 million from RM192.28 million previously, as a result of a weaker local construction market and deferment in certain infrastructure projects.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Earnings per share was 1.73 sen versus 1.46 sen a year earlier.</p></div>

<div class=newsTextDataWrapInner><p>Econpile proposed a first and final dividend of 0.5 sen per share for the financial year ended June 30, amounting to RM6.68 million, subject to shareholders’ approval.</p></div>

<div class=newsTextDataWrapInner><p>For the financial year ended June 30, Econpile posted net profit RM25.51 million versus RM87.10 million a year earlier, on the back of revenue RM663.34 million against RM728.39 million previously.</p></div>

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KUALA LUMPUR (Aug 29): Shares in Econpile Holdings Bhd rose 2.67% this morning after its net profit for for the fourth quarter ended June 30, 2019 rose 19% to RM23.17 million from RM19.46 million a year earlier, driven mainly by  contribution from infrastructure projects.

At 9.08am...

Econpile rises 2.67% on firmer 4Q earnings, dividend 

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