KUALA LUMPUR (Aug 10): Cepatwawasan Group Bhd shares rose 2.96% this morning after its net profit jumped 91% to RM9.68 million or 3.13 sen per share in the second quarter ended June 30, 2017 from RM5.07 million, or 1.64 sen per share, a year earlier. Quarterly revenue ballooned 37% to RM70.35 million from RM51.28 million in the previous corresponding quarter a year ago.

At 9.33am, Cepatwawasan rose 2.5 sen to 87 sen with 951,300 shares traded.

For the first half of FY17, net profit grew 241% to RM15.9 million or 5.15 sen per share from RM4.67 million or 1.51 sen per share a year ago as a result of an increase in average selling prices of crude palm oil, palm kernel and fresh fruit bunches. Revenue jumped 43% to RM129.41 million from RM90.17 million.