Friday 30 March 2012

Cypark advances on upbeat outlook for solid waste management, renewable energy biz

KUALA LUMPUR (March 30): CypARK RESOURCES BHD [] shares advanced on Friday despite the company posting a marginally lower net profit of RM6.51 million in the first quarter ended Jan 31, 2012, down 0.6% than RM6.55 million a year ago.

At 9.46am, Cypark rose six sen to RM1.92 with 244,700 shares traded.

However, investors appeared to favour the sock as the company remained upbeat for its core business of solid waste management and renewable energy.



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