Thursday, 26 April 2012

Country View up 6% on higher profits

KUALA LUMPUR (April 26) : COUNTRY VIEW BHD [] rose as much as 6% following updates that the property developer’s first quarter net profit rose almost eight-fold from a year earlier on higher property sales.

The stock climbed five sen to 95 sen from its last closing price of 90 sen last Friday.

In a statement to the exchange on Wednesday, Country View said net profit came to RM5.95 million in the quarter to February 29, 2012 versus RM761,000 previously as revenue almost tripled to RM37.87 million from RM14.2 million.

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