Malton advances on Q4 profit jump

Malton Bhd, a Malaysian property developer, rose the most in more than two weeks in Kuala Lumpur trading after profit in the fourth quarter ended June 30 surged almost fivefold to RM26.8 million from RM5.54 million a year earlier.

The stock gained 4.4 per cent to 47.5 sen at 9:19 a.m. local time, set for the biggest gain since Aug. 11.

By Bloomberg