Notion VTec Bhd (KL:NOTION)
Updated
share price reached a decade high on Tuesday, said the surge could be attributed to its strong financial performance recovery, an industry turnaround, and heightened investor interest
Notion said it recorded positive returns for the first two quarters of the current financial year ending Sept 30, 2024 (FY2024), leading to favourable responses from both retail and institutional investors, indicating confidence in its future prospects.
group reported a net profit of RM14 million for the second quarter ended March 31, 2024 (2QFY2024), a significant turnaround from a net loss of RM7.77 million a year earlier, driven by higher revenue. Revenue rose 21.8% to RM111.6 million from RM84.7 million, mainly due to strong performance of the electronics manufacturing services and hard disk drive (HDD) segments.
At RM1.96, Notion's market capitalisation has surpassed RM1 billion. The stock has gained over 500% year-to-date.
Notion said it recorded positive returns for the first two quarters of the current financial year ending Sept 30, 2024 (FY2024), leading to favourable responses from both retail and institutional investors, indicating confidence in its future prospects.
group reported a net profit of RM14 million for the second quarter ended March 31, 2024 (2QFY2024), a significant turnaround from a net loss of RM7.77 million a year earlier, driven by higher revenue. Revenue rose 21.8% to RM111.6 million from RM84.7 million, mainly due to strong performance of the electronics manufacturing services and hard disk drive (HDD) segments.
At RM1.96, Notion's market capitalisation has surpassed RM1 billion. The stock has gained over 500% year-to-date.
Note
notion fly as i predicted up to 2.00
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