KUALA LUMPUR (May 22): Scomi Group Bhd gained as much as two sen or 9% to 25 sen after the company announced it posted profit in the fourth quarter from losses a year earlier.

Yesterday, oil and gas support services provider Scomi (fundamental: 0.55; valuation: 0.9) said it recorded a net profit of RM22.75 million for the fourth quarter ended March 31, 2015 (4QFY15) compared with a net loss of RM4.16 million.

For the full year, Scomi, also a rail-based transport specialist, said net profit surged to RM49.3 million from RM4.96 million a year earlier. Scomi attributed its improvement in FY15 to the turnaround in the transport solutions division.

Today, Scomi shares pared gains to 24.5 sen at 10.19am. The stock had later changed hands at 24 sen at 10.39am with about nine million changing hands.

Scomi had earlier traded among Bursa Malaysia's top active stocks.

(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.)