Thursday, 19 January 2012

Hua Yang rises on firm 3Q earnings

KUALA LUMPUR (Jan 19): HUA YANG BHD [] shares advanced in early trade on Thursday after its earnings jumped 90% to RM14.57 million in the third quarter ended Dec 31, 2011 from RM7.68 million a year ago underpinned by better sales of its homes.

At 9.15am, Hua Yang added five sen to RM1.35 with 778,000 shares traded.

Its revenue rose 70.8% to RM84.25 million from RM49.30 million while earnings per share were 10.12 sen versus 5.33 sen.



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