Medtecs shares climb after Q1 profit surge
Singapore
CATALIST-LISTED Medtecs International Corporation's shares jumped to an intra-day high of 16.2 Singapore cents on Wednesday, up 4.8 cents or 42.1 per cent, after the company reported a surge in net profit on Tuesday night.
The counter closed up 38.6 per cent or 4.4 Singapore cents at 15.8 Singapore cents on Wednesday. It was also the most heavily traded by volume with 167.9 million shares changing hands.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Lily Ler to step down as CEO of Mapletree Industrial Trust manager
Jardine C&C selling Singapore, Malaysia dealerships to Indonesia’s Chandra Asri for US$221 million gain
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself