Quick take: Scanwolf jumps 107% in early trade

KUALA LUMPUR: Shares in Scanwolf Corp Bhd, which have remained fairly stable, surged 107% in early trade Monday after posting a turnaround profit for its first quarter ended Sept 30.

The manufacturer of furniture fittings and property development rose 107.14%, or 15 sen to 29 sen, making it one of the top gainers on Bursa Malaysia. The counter is also one of the most actively traded counters with 16.27 million shares done.

In the first quarter ended Sept 30,2019, Scanwolf posted a net profit of RM10.36mil, or 10.87 sen earnings per share against a net loss of RM1.69mil, or loss per share of 1.76 sen..

Revenue, however, was lower at RM9.49mil against RM10.84mil.

Source: TheStar