Business

Tuesday November 10, 2009

Fibon transfers to main board


PETALING JAYA: Fibon Bhd’s share price ended 3 sen higher at RM1.04 after the counter was transferred to the main board of Bursa Malaysia from the ACE Market yesterday.

It was reported recently that the company planned to build a fabrication plant in Sydney by year-end and another one in Staffordshire, England, in the first quarter of next year. Its local facilities are based in Kluang, Johor.

Fibon manufactures electrical insulators used in switchgears that power large buildings, such as airports, as well as produces the raw materials for its high-performance insulators.

The company, which was listed on the exchange last December, made a net profit of RM2.3mil on revenue of RM4.7mil for first quarter ended Aug 31.


FIBON : [Stock Watch] [News]


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