Nam Lee Pressed Metals Industries Attributable Profit Jumps in Fiscal H2; Shares Surge Over 6%

MT Newswires

Dec 01

Nam Lee Pressed Metals Industries' (SGX:G0I) attributable profit to owners jumped to SG$13.1 million in fiscal second half ended Sept. 30 from SG$9.7 million a year earlier, according to a Friday filing with the Singapore Exchange.

Shares of the metal products and metals solutions company surged over 6% in Monday trading.

Earnings per share climbed to SG$0.0543 compared with SG$0.04 in the comparable period.

Revenue meanwhile jumped to SG$109.1 million year over year from SG$101.8 million, mainly due to an uptick in construction and reefer container business.

The company declared a dividend of SG$0.03 per share for the period, up from SG$0.015 a year earlier.

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