KUALA LUMPUR (May 24): YNH Property Bhd’s share price rose to an intraday record high on Tuesday (May 24) after it climbed as much as 11 sen or 3.35% to RM3.39 early in the morning session, albeit at a low volume.

By the 12.30pm break, the counter had slipped to RM3.36 with 7,000 shares traded.

At the close of session, it was only one sen or 0.3% higher at RM3.29 with 28,900 shares traded, which translates to a market capitalisation of RM1.74 billion.

The counter has jumped 24.15% year-to-date from RM2.65.

For the financial year ended Dec 31, 2021 (FY21), YNH’s net profit surged 205% to RM20.76 million from RM6.81 million a year prior, underpinned by smoother site progress as construction activities improved in FY21.

Full-year revenue rose 46% to RM262.66 million as compared to RM179.9 million in FY20.