Ge-Shen shares showed an aggressive gain of 22.07% or 32 sen to hit a recent high of around RM1.77 after 32 months.
The matter came as plastic spare parts manufacturers continued to record profit margins in the second quarter.
At noon during the break, the Ge-Shen counter remained up around 15.17% or 22 sen to RM1.67, making it one of the most profitable counters on Bursa Malaysia today.
When it reached RM1.67, Ge-Shen had a market capitalization of RM183.73 million.
The net profit for Ge-Shen is seen to have earned RM3.71 million or RM3.38 per share for the second quarter ended June 30, 2021 with an increase of 37.83% from RM2.69 million or RM2.45 quarter-on-quarter.
Although the total increase was only slightly around 0.87% in quarterly revenue to RM65.63 million from RM65.06 million, it still recorded a profit for the fifth time in a row.
According to the company, it was also supported by stronger customer demand amid the reopening of the Western economy and the transition of some projects to the production stage more widely.
While still tied to the Covid-19 pandemic, Ge-Shen said the facility for its sheet metal is working on implementing several new projects.
