ECS ICT Bhd (+ve)
SHARES in ECS ICT Bhd (fundamental: 1.7/3, valuation: 1.8/3) closed up eight sen or 5.8% at RM1.47 yesterday after 2 million shares were done, exceeding its 200-day average volume of 88,961 shares.

ECS ICT is a provider of information and communications technology products, such as notebooks, personal computers, smartphones, smartwatches, tablets and printers.

On Wednesday, it said its fourth quarter net profit rose 22% to RM12.6 million from RM10.3 million a year ago, on higher sales and the write-back of impairment loss on trade receivables.

Revenue for the three months ended Dec 31, 2016 (4QFY16) came in 11% higher at RM551.6 million, from RM496.5 million in 4QFY15, on higher networking equipment sales, its stock exchange filing yesterday showed.

It plans to pay a three sen dividend amounting to RM5.4 million for the quarter on June 15, bringing its full FY16 payout to six sen.

Full FY16 net profit, however, slipped 7% to RM30.1 million, from RM32.5 million in FY15, as revenue slid 4% to RM1.8 billion from RM1.9 billion, on lower sales and gross profit.