Mencast Q3 net up 44%

MENCAST Holdings Ltd yesterday said that its net profit for the third quarter ended Sept 30, 2013 rose 44 per cent year on year to $1.59 million, on an 18 per cent rise in turnover to $25.6 million.

Earnings per share were 0.55 cent, up from 0.40 cent a year ago.

Net profit for the nine months to end-September increased 15 per cent year on year to $9.25 million, with turnover rising 26 per cent to $71.24 million.