Caring shares up 6% on strong Q4 net profit
28 Jul 2017 / 10:39 H.
PETALING JAYA: Caring Pharmacy Group Bhd’s share price rose 6.47% this morning after its fourth quarter ended May 31, 2017 net profit jumped 59% on higher sales generated from existing outlets due to aggressive and extensive promotional campaign.
As at 10.23am, Caring is the top fifth gainer on Bursa Securities. Its share price stood at RM1.81 with 30,800 shares changing hands. It has a market capitalisation of RM394 million.
Caring registered a net profit of RM4.34 million for the quarter, compared with RM2.7 million for the corresponding quarter in the preceding year.
This was on 10% higher revenue of RM119.5 million, compared with RM108.3 million for the same quarter in the year before.