Friday, 20 April 2012

Brite-Tech up 4%, restates FY11 PAT

KUALA LUMPUR (April 20) : BRITE-TECH BHD [] shares rose as much as 4% on Friday morning after the water-treatment specialist said its audited profit after tax for financial year ended December 31, 2011 more than doubled following accounting adjustments for fair value gains in its investment PROPERTIES [].

The stock was up 0.5 sen to 13.5 sen at 10.34am with 30,000 shares done.

In a statement to the exchange on Wednesday, Brite-Tech said the audited figure came to RM3.05 million, a substantial 116% deviation from the unaudited figure of RM1.42 million announced last February.

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