KUALA LUMPUR (March 2): Shares in Master-Pack Group Bhd hit limit down in early trade today, plunging 29.78% or 81 sen to RM1.91. The counter opened gap down — opening at a lower level than Friday's low — unleashing fresh rounds of panic selling.

On Feb 28, the company reported its fourth quarter (4QFY19) financial results, with quarterly net profit rising 72.9% to RM3.13 million from RM1.81 million in the year-ago quarter.

For the full year, Master-Pack posted a net profit jump of 177% to RM15.67 million from RM5.76 million in FY18. Revenue for the year was up 40.5% to RM204.599 million from RM145.586 million in the previous year.