<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 30): George Kent shares fell as much as 6.3% and were among the top losers in the afternoon following release of its quarterly results and announcement of a 1 for 3 bonus issue.</p></div>

<div class=newsTextDataWrapInner><p>At 3:22 pm today, the company shares fell as much as 12 sen to RM1.76 per share before recovering to RM1.78 with some 2.6 million shares traded.</p></div>

<div class=newsTextDataWrapInner><p>A dealer familiar with the stock told theedgemalaysia.com that the company was probably experiencing some short term profit-taking as it is trading at a 52-week high.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The share price for George Kent has run up quite a bit and investors are probably taking this as an opportunity to cash out,” he said.</p></div>

<div class=newsTextDataWrapInner><p>The group reported net earnings of RM6.5 million for the first quarter ended March 31,2014 versus RM5.5 million last year.</p></div>

<div class=newsTextDataWrapInner><p>Revenue for the quarter fell to RM64.9 million, compared with RM84.69 million in the previous year’s corresponding quarter.</p></div>

<div class=newsTextDataWrapInner><p>In the last financial year, the company earned a net profit of RM35.99 million compared with RM 25.56 million in the previous financial year.</p></div>

<div class=newsTextDataWrapInner><p>It proposed a bonus issue of 75,102,542 new ordinary shares on the basis of one bonus share for every three existing shares held.</p></div>

KUALA LUMPUR (June 30): George Kent shares fell as much as 6.3% and were among the top losers in the afternoon following release of its quarterly results and announcement of a 1 for 3 bonus issue.

At 3:22 pm today, the company shares fell as much as 12 sen to RM1.76 per share before recovering to RM1.78 with some 2.6 million shares traded.

A dealer familiar with the stock told theedgemalaysia.com that the company was probably experiencing some short term profit-taking as it is trading at a 52-week high.

“The share price for George Kent has run up quite a bit and investors are probably taking this as an opportunity to cash out,” he said.

The group reported net earnings of RM6.5 million for the first quarter ended March 31,2014 versus RM5.5 million last year.

Revenue for the quarter fell to RM64.9 million, compared with RM84.69 million in the previous year’s corresponding quarter.

In the last financial year, the company earned a net profit of RM35.99 million compared with RM 25.56 million in the previous financial year.

It proposed a bonus issue of 75,102,542 new ordinary shares on the basis of one bonus share for every three existing shares held.

#Hot Stock* George Kent share price slides 6.3% despite better 1Q results, bonus issue

The Malaysian Communications and Multimedia Commission (MCMC) has lodged police reports against three individuals, namely Badrul Hisham Shaharin or Chegubard, Mohamad Salim Iskandar (Salim Iskandar) and Wan Muhammad Azri Wan Deris (Papagomo), for making and spreading false accusations about its officers.

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A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.

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The Madani government will look into the hardship faced by the people in Sabah, especially in terms of socioeconomic poverty as well as improvements to infrastructure for the benefit of the people.

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Deputy Minister of Communications Teo Nie Ching cautioned the public on the latest tactics of scammers impersonating ministry officials.

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A huge blast at a military base in Iraq early on Saturday killed a member of an Iraqi security force that includes Iran-backed groups. The force commander said it was an attack while the army said it was investigating and there were no warplanes in the sky at the time.

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Barisan Nasional (BN) component parties are required to help the candidate representing the unity government in the Kuala Kubu Baharu state by-election, said BN deputy chairman Datuk Seri Mohamad Hasan.

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Chief Minister Datuk Seri Hajiji Noor emphasised that the positive economic achievements over the past three years underscore the Sabah government's steadfast commitment to both the administration and development of the state.

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Property developer Scientex Bhd aims to provide a total of 50,000 units of quality housing units at affordable prices nationwide by 2028.

Scientex project general manager (property division) Tang Song Teik said that so far, the company has handed over 35,062 affordable housing units, with about 70% of them sold at prices below RM300,000.

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The Madani government is committed to eradicating hardcore poverty in Sabah despite knowing the situation is quite complicated to resolve, said Prime Minister Datuk Seri Anwar Ibrahim.

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<p>Digital Nasional Bhd (DNB), the operator of Malaysia’s 5G telecommunications assets, said the process in relation to the subscription of its shares by five mobile network operators (MNOs) in this country is ongoing.</p>


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<p>Chief Minister Datuk Seri Hajiji Noor emphasised that the positive economic achievements over the past three years underscore the Sabah government's steadfast commitment to both the administration and development of the state.</p>
