Stock Name: MBMR
Company Name: MBM RESOURCES BHD
Research House: OSK
KUALA LUMPUR: Shares of MBM Resources rose to RM3.34 in early trade on Friday, Feb 18 after its net profit for the fourth quarter (4Q) ended Dec 31, 2010 rose 36.2% to RM28.2 million from RM20.7 million a year ago.
At 9.13am, it was up 12 sen to RM3.34 with 70,400 shares done.
The FBM KLCI rose 1.68 points to 1,510.24. Turnover was 89.10 million shares valued at RM54.33 million. Advancers beat gainers 157 to 74 while 136 stocks were unchanged.
MBM's earnings were underpinned by the overall strong total industry volume in the automotive sector.
Revenue for the quarter rose to RM389.88 million from RM292.46 million in 2009. Earnings per share were 11.64 sen, while net assets per share was RM4.19.
It declared a special second tax-exempt interim dividend of five sen per share totaling RM12.13 million, and a special tax-exempt dividend of three sen per share totaling RM7.28 million.
For the financial year ended Dec 31, MBM's net profit surged to RM141.24 million from RM66.53 million a year earlier, on the back of revenue of RM1.55 billion.
Company Name: MBM RESOURCES BHD
Research House: OSK
KUALA LUMPUR: Shares of MBM Resources rose to RM3.34 in early trade on Friday, Feb 18 after its net profit for the fourth quarter (4Q) ended Dec 31, 2010 rose 36.2% to RM28.2 million from RM20.7 million a year ago.
At 9.13am, it was up 12 sen to RM3.34 with 70,400 shares done.
The FBM KLCI rose 1.68 points to 1,510.24. Turnover was 89.10 million shares valued at RM54.33 million. Advancers beat gainers 157 to 74 while 136 stocks were unchanged.
MBM's earnings were underpinned by the overall strong total industry volume in the automotive sector.
Revenue for the quarter rose to RM389.88 million from RM292.46 million in 2009. Earnings per share were 11.64 sen, while net assets per share was RM4.19.
It declared a special second tax-exempt interim dividend of five sen per share totaling RM12.13 million, and a special tax-exempt dividend of three sen per share totaling RM7.28 million.
For the financial year ended Dec 31, MBM's net profit surged to RM141.24 million from RM66.53 million a year earlier, on the back of revenue of RM1.55 billion.
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