Quick take: Bermaz Auto rises 3.7% on earnings beat : vimars

Quick take: Bermaz Auto rises 3.7% on earnings beat


(BAuto) rose in early trade Thursday after posting a 21.8% jump in net profit in the third quarter ended Jan 31.
The Mazda car distributor added 3.7%, or five sen to RM1.40, its highest in two weeks.
BAuto’s net profit rose 21.8% to RM33.08mil for the third quarter ended Jan, 2021 from RM27.15mil in the same period last year.
Revenue also grew 27.9% to RM 597.98mil from RM467.46mil previously.
The group has declared a dividend of 1.50 sen per share for the third quarter.
For the nine months to Jan 31, BAuto posted a net profit of RM67.1mil on revenue of RM1.64bil.

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