Glomac at 3-year high on profit surge

Glomac Bhd, a Malaysian property developer, rose to its highest level in more than three years after profit in the second quarter ended Oct. 31 surged 71 per cent from a year earlier.

The stock gained 1.8 per cent to RM1.73 at 9:08 a.m. in Kuala Lumpur trading, set for its highest close since July 31, 2007.

By Bloomberg