KUALA LUMPUR: Shares in Kim Loong Resources Bhd rose in early trade on Monday after the the company declared a special single tier dividend of 6 sen per share. The stock rose 7.95%, or 33 sen to RM4.48. The counter rose to its highest in at least five years at RM4.63 in late October. Kim Loong posted an 11.18% increase in net profit for the third quarter ended Oct 31, 2017 to RM27.92mil from RM25.11mil on higher production and palm oil prices. The group has declared a special single tier dividend of 6 sen per share in respect of financial year ending Jan 31, 2018 (FY18), payable on Feb 7.

Source: The Star December 26, 2017 01:52 UTC