PA Resources's jumped 10pct following stellar earnings
KUALA LUMPUR: PA Resources Bhd’s shares rose nearly 10 per cent on Monday morning following a surge in its net profit for the fourth quarter.
On Monday morning, shares of PA Resources Bhd surged nearly 10 percent after reporting a significant increase in net profit for the fourth quarter. The company's shares jumped 9.5 percent to 23 sen from a closing price of 21 sen the previous Friday and settled at 22.5 sen at 10:30 am. Over 22 million shares traded by the time of reporting.
The stock opened one sen higher at 22 sen. Year-to-date, the stock has climbed 55.17 percent. PA Resources' earnings more than tripled to RM18 million in the fourth quarter ending June 30, 2026, from RM9 million a year earlier. This growth was driven by higher sales volume from its extrusion and fabrication business. For the full year, earnings rose 10.8 percent to RM31 million as revenue increased almost 20 percent to RM648.6 million from RM541 million the previous year.
The company announced an interim dividend of 0.5 sen per share, totaling RM7.5 million, payable on October 31.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
