At 9.10am, Magni-Tech rose 17 sen to RM4.32 with 113, 200 shares done. Revenue for 1QFY17 climbed 40% to RM271.4 million from RM193.8 million a year ago, said Magni-Tech in a bourse filing. Magni-Tech declared a single tier interim dividend of five sen amounting to RM8.13 million for the financial year ending April 30, 2017 which represents a 34.6% payout ratio. The entitlement date is Oct 13, 2016, and payment will be made on Oct 28, 2016. The group manufactures garments for export, and a wide range of flexible plastic, corrugated and offset printing packaging products.

Source: The Edge Markets September 19, 2016 01:30 UTC