Friday 23 December 2011

Perisai Petroleum rises on profit report

Perisai Petroleum Teknologi Bhd, a Malaysian oil and gas services provider, rose to a four-month high in Kuala Lumpur trading after the Edge reported that the company expects to see annual profit contributions of at least US$16.7 million from its acquisition of Garuda Energy (L) Ltd.

The stock gained 5.1 per cent to 72 sen at 9:29 a.m. local time, set for its highest close since Aug. 5 -- Bloomberg



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