The Zhitong Finance App learned that RIMBACO (01953) rose more than 7% in early trading and has risen more than 30% in the past five trading days. As of publication, it has risen 7.57% to HK$0.199, with a turnover of HK$575,300.

According to the news, yesterday the company announced its interim results for the six months ended April 30, 2023. The group achieved revenue of RM220 million during the period, a decrease of 16.05%; shareholders' profit of RM8.247,000, an increase of 48.46% over the previous year; basic profit of RM0.65 cents per share; and plans to pay an interim dividend of RM0.0182 per share. According to the announcement, the decline in earnings was mainly due to the completion of a large-scale institutional project in the first half of fiscal year 2022.