Asiatic Group (SGX:5CR) is expecting to book a net profit after tax for the second quarter ended Sept. 30, according to a Monday filing with the Singapore Exchange.
The company has attributed this to an increase in gross margin from its fire protection solutions division and lower interest rates.
The company will release its results on or before Nov. 14.
Shares of the company surged over 33% at the close of trading on Monday.
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