Lysaght Galvanized Steel

Lysaght Galvanized Steel

Postby sschong92 » Sun May 17, 2015 7:54 pm

not vested

Lysaght Galvanized Steel Bhd’s net profit for the first quarter ended March 31, 2015 (1QFY15) rose 120.92% on-year to RM6.76 million or 16.26 sen per share, from RM3.06 million or 7.57 sen per share, due to a one-off gain from the disposal of its investment property.

Revenue for the quarter gained 12.93% on-year to RM17.03 million, from RM15.08 million.

Lysaght (fundamental: 1.4; valuation: 1.65) had on Sept 5 last year, entered into a sales and purchase agreement with Semai Haruman Sdn Bhd for the disposal of a piece of leasehold land (352 sq m) in Bandar Sunway for RM6.4 million.

Source: The Edge
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