<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 21): SKP Resources Bhd's net profit rose 44.64 per cent to RM10.53 million or 1.17 sen per share in its second quarter ended Sept 30, 2014 (2QFY15) from RM7.28 million or 0.81 sen per share a year earlier.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia, the company attributed the better earnings to the different product mix during the period.</p></div>

<div class=newsTextDataWrapInner><p>Quarterly revenue climbed 32.12 per cent to RM140.25 million from RM106.15 million in the same quarter last year.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>For the six months period ended Sept 30, 2014(1HFY15), SKP's net profit rose 22.91% to RM20.18 million versus RM16.42 million last year, while revenue grew 26.83% to RM271.99 million compared to RM214.45 million previously.</p></div>

<div class=newsTextDataWrapInner><p>Going forward, SKP expects to remain profitable driven by strong order books from existing customers which will contribute positively to group performance.</p></div>

<div class=newsTextDataWrapInner><p>"With the strong existing business base and the expansion plans announced earlier, the group would be moving towards another promising year for the financial year ending March 31, 2015," it added.</p></div>

<div class=newsTextDataWrapInner><p>SKP was down half a sen or 0.68% to finish the Friday's trading day at 72.5 sen, giving rise to a market capitalisation of RM657 million.</p></div>


KUALA LUMPUR (Nov 21): SKP Resources Bhd's net profit rose 44.64 per cent to RM10.53 million or 1.17 sen per share in its second quarter ended Sept 30, 2014 (2QFY15) from RM7.28 million or 0.81 sen per share a year earlier.

In a filing with Bursa Malaysia, the company attributed the bet...

SKP posts better 2Q performance on improved product mix

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<p>Shares of Awanbiru Technology Bhd (Awantec) fell as much as 53% on Friday, prompting Bursa Malaysia to suspend the counter’s intraday short selling (IDSS).&nbsp;</p>


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<p>Shares of Sapura Energy Bhd will be suspended from trading pending an announcement, the company said on Friday.</p>


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<p>The Malaysian rubber glove industry has demonstrated resilience and adaptability amidst challenging global dynamics, with optimism for a rebound in 2024, with an anticipated surge to approximately 450 billion pieces by 2027 despite a downturn in 2023, according to the Malaysian Rubber Glove Manufacturers Association (Margma).</p>


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<p>The escalating tensions in the Middle East have influenced market sentiment and shifted investors' emphasis to the energy, finance and plantation sectors, which helped boost the FBM KLCI higher by midday on Friday.</p>


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<p>KUALA LUMPUR (April 19): MKH Oil Palm (East Kalimantan) Bhd’s initial public offering (IPO) has been oversubscribed by 8.43 times ahead of its listing on the Bursa Malaysia Main Market on April 30.&nbsp;</p>


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