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Hot stock: YuuZoo shares up 8.092 per cent in morning trade

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Thomas Zilliacus, founder and CEO of Yuuzoo. Shares of mainboard-listed Internet stock YuuZoo surged 8.092 per cent or S$0.014 to S$0.187 as at 10.30am.

SHARES of mainboard-listed Internet stock YuuZoo surged 8.092 per cent or S$0.014 to S$0.187 as at 10.30am, making it one of the most actively traded stocks on Monday morning.

It opened 0.1 Singapore cent higher at 1.8 Singapore cents before hitting a high of 1.89 Singapore cents at about 9.20am. Some 29.1 million shares changed hands.

On Friday, the social networking and e-commerce firm posted a net profit of US$3.2 million for the first quarter ended March 31, 2015, reversing a loss of US$1.1 million from a year ago, on the back of a 58 per cent rise in revenue to US$9.6 million, due mainly to high margins on the sale of franchise licences in Turkey and South Korea.

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