KUALA LUMPUR (Feb 17): Shares of CI Holdings Bhd climbed in mid-morning on Friday after it declared a dividend of RM4.60 per share totaling RM653.20 million.
At 10.32am, CIH was up 11 sen to RM1.36 with 6.45 million shares done.
The FBM KLCI rose 8.03 points to 1,558.52. Turnover was 686.25 million shares valued at RM474.41 million. There were 382 gainers, 150 losers and 310 stocks unchanged.
CI Holdings announced net profit of RM650.39 million in the second quarter ended Dec 31, 2011 from RM11.17 million a year ago, boosted by the disposal of its Permanis Group to Asahi for RM820.0 million cash.
Its revenue declined slightly to RM11.35 million from RM11.96 million a year ago due to a slowdown in the CONSTRUCTION [] sector.
The improvement in profit before tax was due largely to income received from the disposal of Permanis of RM688.43 million.
At 10.32am, CIH was up 11 sen to RM1.36 with 6.45 million shares done.
The FBM KLCI rose 8.03 points to 1,558.52. Turnover was 686.25 million shares valued at RM474.41 million. There were 382 gainers, 150 losers and 310 stocks unchanged.
CI Holdings announced net profit of RM650.39 million in the second quarter ended Dec 31, 2011 from RM11.17 million a year ago, boosted by the disposal of its Permanis Group to Asahi for RM820.0 million cash.
Its revenue declined slightly to RM11.35 million from RM11.96 million a year ago due to a slowdown in the CONSTRUCTION [] sector.
The improvement in profit before tax was due largely to income received from the disposal of Permanis of RM688.43 million.
