Thursday 28 Mar 2024
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KUALA LUMPUR (May 28): GD Express Bhd shares jumped 7.14% this morning after its net profit more than doubled to RM5.43 million in the third quarter ended March 31,2019 (3QFY19) from RM2.62 million recorded a year ago, following an absence of income tax expense. Revenue grew only 6.22% to RM77.97 million from RM73.4 million.

At 9.13am, GD Express rose 2 sen to 30 sen with 861,400 shares traded.

For the nine months ended March 31, 2019 (9MFY19), net profit rose 32.03% to RM22.58 million from RM17.11 million. Revenue climbed 7.62% to RM235.29 million from 218.63 million, on the back of higher contributions from its e-commerce business despite a slower pace of parcel volume growth.

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