MBM shares rise on improved Q2 profits


Perodua sold a total of 121,800 units in the first half of 2019 compared to 117,000 units in the same period of the previous year, which translated into a 4% growth year-on-year.

PETALING JAYA: MBM Resources Bhd’s share price jumped 9% to RM4 yesterday after the company announced that its profits for the second quarter ended June 30 had more than doubled year-on-year.

Its second quarter profit rose to RM74.04mil from RM34.55mil in the same quarter a year ago while revenue also increased to RM558.05mil from RM483.48mil previously.

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