Friday 29 Mar 2024
By
main news image

KUALA LUMPUR (June 17): ACE Market-listed Innity Corp Bhd has said it is not aware of any corporate development that could explain the surges in its share price and trading volume.

The interactive online marketing platform and technology provider saw its share price jump 25.49% or 19.5 sen to 96 sen today on volume of 11.65 million shares. This brought the group's market capitalisation to RM132.96 million.

Year to date, the stock has climbed by 146%, from 39 sen on Jan 4.

Responding to an unusual market activity (UMA) query issued by Bursa Securities earlier today, Innity said it is not aware of any corporate development, rumour or report concerning its business that would have accounted for the UMA.

For the first quarter ended March 31, 2021, the group posted a net profit of RM184,000 versus a net loss of RM3.33 million a year earlier. Quarterly revenue rose to RM25.87 million from RM21.31 million.

Edited ByS Kanagaraju
      Print
      Text Size
      Share