KUALA LUMPUR,(July 27): Pensonic Holdings Bhd shares rose as high as 61 sen in morning trades today, hitting a 15-year high record. The rise comes following news the electrical home appliances manufacturer returned to black with a net profit of RM12.6 million for the fourth quarter ended May 31, 2015 (4QFY15).

As at 10.35am, the stock eased to 60 sen, up 7.5 sen or 14.29%, after some 12.20 million shares changed hands.

Meanwhile, as at 10.37am, Pensonic warrants was also up by 4.5 sen or 24.32% at 23 sen, with 1.02 million shares traded.

To recap, Pensonic returns to the black with a net profit of RM12.6 million for the fourth quarter ended May 31, 2015 (4QFY15), compared with a net loss of RM1.64 million a year earlier, on higher export sales and property disposal gains.

In a filing with Bursa Malaysia last Friday (July 24), electrical home appliances manufacturer Pensonic (fundamental: 0.35; valuation: 2.4) said revenue increased to RM92.9 million, from RM89.65 million.

The increase in revenue was mainly contributed by the export market, as its local business was facing a slight drop in revenue, due to the Goods and Services Tax (GST) implementation.

"Furthermore, the group has posted a profit before tax of RM12.9 million, [as] compared to loss before tax of RM2.7 million in the corresponding period  last year. This gain were mainly came from recognition of financial gain on disposal of property RM8.4 million," Pensonic said.

For the full year, Pensonic registered higher net profit of RM17.58 million, from RM2.87 million a year earlier. Revenue increased to RM388.37 million, from RM373.73 million.

Looking ahead, Pensonic said it anticipated intense competition, but will continue to explore new markets and product innovation.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)