Monday, 14 November 2011

Gromutual gains Q3 earnings quadrupled

Gromutual Bhd, a Malaysian property developer and sawmill owner, rose the most in almost 18 months in Kuala Lumpur trading after saying third-quarter earnings almost quadrupled to RM8.3 million.

Its shares gained 14.6 percent to 27.5 sen at 9:15 a.m. local time, set for their largest increase since May 20, 2010. -- Bloomberg



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