Thursday 23 February 2012

Favelle Favco rises on quarterly profit

Favelle Favco Bhd, a crane maker, advanced 6.4 per cent to RM1.33 as of 9:50 a.m. in Kuala Lumpur, on course for its biggest gain since Nov. 8.

The company proposed a dividend of 6 sen per share after its fourth-quarter profit doubled from a year earlier to RM20.2 million, according to a stock exchange filing. -- Bloomberg



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