Berjaya Land Bhd’s (BLand) share price surged to a two-year high of RM4.45 yesterday after it reported a strong set of earnings and announced a corporate exercise.
It rose 38 sen to RM4.45 with 684,100 shares done. The share price was the highest since Aug 6, 2008.
The company had on Wednesday announced a net profit of RM72.07 million for the fourth quarter ended April 30, 2010, a turnaround from a net loss of RM49.53 million a year ago.
Revenue rose 16.3% to RM1.13 billion from RM971.67 million, mainly due to a three-fold increase in property sales from several mixed development and residential projects.
It also proposed a one-into-two share split where each RM1 share would be divided into two 50 sen shares. It also proposed a bonus issue of up to 2.51 billion new subdivided shares on a one-for-one basis.
Written by Kay
The Edge Malaysia
How can I make so much money from the stock market? Koon Yew Yin
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Another valuable advise by KYY on investing in share market.
*How can I make so much money from the stock market? Koon Yew Yin*
Author: Koon Yew Yin | Publi...
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