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Kronologi active, up 4.22% on firmer 2Q earnings

Mimi Sabreena 10:24:00 AM Informasi

KUALA LUMPUR (July 31): Kronologi Asia Bhd rose 4.22% in active trade this morning after its net profit for its second quarter ended June 30, 2017 more than double to RM4.1 million from RM1.7 million a year ago.

At 9.12am, Kronologi rose 3 sen to 74 sen with 7.96 million shares done.

Similarly, revenue increased by 227.1% to RM48.3 million from RM14.8 million.

Kronologi said growth continues to be powered by strong activity in the enterprise data management infrastructure business, although the product mix during the quarter included lower margin products.

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