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Quick take: Eden jumps 33%, most active on Bursa

KUALA LUMPUR: Shares in Eden Inc Bhd were hotly traded this morning with over 86 million shares exchanging hands, making it the most actively traded counter on Bursa Malaysia.

The management services company rose 33.33%, or 6.5 sen to 26 sen with 86 million shares traded. Eden-WB surged 75%, or three sen to seven sen with 28 million shares traded.

In the financial period ended Dec 31, 2019, Eden posted a net profit of RM1.85mil against RM127,000 posted in the same period a year ago.

Its revenue for the period rose to RM23.36mil from RM14.39mil previously.

For the twelve months period ended Dec 31, Eden posted a net profit of RM5.78mil on revenue of RM68.3mil.

The company has changed its financial year end from Dec 31 to June 30 where the new financial year will commence from Jan 1, 2019 to June 30, 2020 which covers a period of 18 months.

Source: TheStar