Wednesday, 25 Jul 2018
KUALA LUMPUR: Caring Pharmacy Group is the top performer on Bursa Malaysia with shares up 9% in early trade after it posted a higher profit.
The counter rose 15 sen, or 9.09% to RM1.80, its highest since late-January.
Caring Pharmacy’s net profit for the fourth quarter ended May 31 rose 34.6% to RM5.86mil from RM4.36mil recorded a year ago.
Revenue for the quarter rose 8.2% to RM129.35mil from RM119.5mil, driven by the higher sales generated from existing outlets due to aggressive and extensive promotional campaign launched during the quarter under review.
For the full financial year ended May 31,Caring’s net profit soared 41.4% to RM18.56mil on revenue of RM508.27mil.
Read more at https://www.thestar.com.my/business/business-news/2018/07/25/caring-profit-sends-shares-up-9pc/#FwfoAcyie8QWFqw7.99