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Hot stock: Healthway Medical shares up 9.6% in early trade
HEALTHCARE provider Healthway Medical Corp's counter rose 9.6 per cent or half a cent to S$0.057 at 9.20am on Wednesday, boosted by its first-quarter net profit released on Tuesday.
First-quarter net profit more than doubled as gains from selling financial assets helped boost the bottom line.
Net profit jumped to S$3.5 million, or 0.15 Singapore cent per share, in the three months ended March 2015, from S$1.4 million a year ago. That was despite a modest 7.6 per cent increase in revenue to S$23.7 million over the same period.