Frontken shares up 3.12%, on active trade after reporting jump in profit

PETALING JAYA: Frontken Corp Bhd’s share price rose 3.12% this morning after the group reported a jump in its net profit for the second quarter ended June 30, 2018.
At 11.37am, the stock was 3.12% or 2 sen higher at 66 sen with 19.37 million shares traded, making it the 12th most active stock on the bourse.
Yesterday, Frontken told Bursa Malaysia that its net profit for the quarter more than doubled to RM12.08 million from RM5.82 million a year ago, underpinned by improved performance by its subsidiaries in Taiwan, Singapore, Malaysia and the Philippines.
Its revenue also expanded 16% to RM81.78 million from RM70.53 million a year ago.