Stock to watch: Miyoshi Limited

THE following company had an announcement that may influence trading on Monday:

Miyoshi Limited:

Engineering group Miyoshi Limited posted a third-quarter net profit of S$408,000, a reversal from a net loss of S$366,000 in the previous year, the group said in a Singapore Exchange filing on Monday morning.

For the three months ended May 31, revenue rose 11.1 per cent to S$12.9 million from the previous year. The increase in revenue was due partly to more orders from automotive and data storage customers, it said.