Friday, 11 May 2012

Dialog up in early trade on positive 3Q earnings

KUALA LUMPUR (May 11): DIALOG GROUP BHD []'s shares advanced on Friday after its net profit for the third quarter ended March 31, 2012 rose 7.96% to RM41.39 million from RM38.34 million a year earlier, due mainly to higher revenue and increase in Malaysian operations arising from its provision of specialist products and services, engineering and CONSTRUCTION [] activities and fabrication works.

At 9.20am, Dialog rose five sen to RM2.27 with 292,500 shares traded.

It said on Thursday that revenue for the quarter jumped 39.5% to RM420.04 million from RM301.16 million in 2011, due consolidation of the revenue of the newly acquired fabrication and multi-disciplined engineering company, Fitzroy Engineering Group Ltd, based in New Zealand contributed to the increase in the group's revenue.

Dialog declared an interim 1.1 sen single tier cash dividend per share to be paid on June 29.

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