Century Logistics Holdings Bhd (-ve)
SHARES in Century Logistics Holdings Bhd (fundamental: 1.8/3, valuation: 1.4/3), which triggered our momentum algorithm yesterday, closed six sen or 5.56% higher at RM1.14 with a market capitalisation of RM445.8 million.
The group’s net profit rose a marginal 1.09% to RM6.28 million for the fourth quarter ended Dec 31, 2016, from RM6.21 million a year earlier.
Revenue inched up 1.8% to RM74.6 million, from RM73.3 million, due to higher activities in the total logistics and procurement logistics services segments.
The board declared a single-tier final dividend of 0.5 sen for the financial year ended Dec 31, 2016 (FY16), payable on May 25.
For the full FY16, net profit dropped 36.9% to RM20.17 million or 5.3 sen per share, from RM31.95 million or 8.63 sen per share in FY15, while revenue grew 0.8% to RM300.29 million, from RM297.88 million.
The stock saw some 12.98 million shares exchange hands.