KUALA LUMPUR (Aug 21): Shares of Notion Vtec Bhd rose  2.27% in early trade today after the company recorded an almost six-fold increase in net profit for its third financial quarter ended June 30, 2015 (3QFY15) to RM7.28 million, or 2.71 per share, from RM1.27 million, or 0.47 sen per share a year ago.

At 9.28am, Notion rose one sen to 45 sen with 824,200 shares traded.

Its stellar performance was attributed to an extraordinary gain of RM8.9 million arising from the sale of a factory building and land, the group said in its filing to the exchange yesterday.

Notion VTec, which manufactures high volume precision components and tools for hard disk drive and single lens reflex (SLR) camera industries, reported a 19% increase in revenue to RM62.09 million in 3QFY15, from RM52.19 million a year ago, due to higher revenue from camera parts.

For the nine months ended June 30, 2015 (9MFY15), Notion VTec’s net loss narrowed to RM2.51 million or 0.94 sen per share compared with RM16.12 million, or 6.01 sen per share last year due to its divestment gain coupled with a higher average selling price arising from the strengthening of the US dollar against the ringgit.

The group also recorded a nearly 28% increase in revenue to RM184.28 million in 9MFY15, from RM144.1 million in the same period last year.