Scanwolf up 157% on 1Q profit

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KUALA LUMPUR (Dec 2): Scanwolf Corp Bhd's share price rose as much as 22 sen or 157% to 36 sen so far today after the property developer reported on Friday a first quarter net profit of RM10.37 million versus a net loss of RM1.7 million a year earlier.

In a Bursa Malaysia filing on Friday, Scanwolf reported that revenue was, however, down at RM9.49 million in the first quarter ended Sept 30, 2019 from RM10.84 million a year ago.

At 3:54pm today, Scanwolf shares were traded at 27 sen for a market value of RM25.77 million. The stock saw some 25 million shares changing hands.