KUALA LUMPUR: Eurospan Holdings Bhd's share price jumped to a new all-time high after it announced a special dividend.
At 10.30am, its stock climbed 7.78 per cent or 14 sen to RM1.94, bringing its market capitalisation to RM88.62 million.
Year-to-date, the company's share price surged 33.79 per cent or 49 sen.
In a Bursa filing on Wednesday, the company announced a special dividend of 20 sen for the financial year ending May 31, 2025.
It is to be paid on Aug 5, 2024. For its third quarter ended Feb 29, 2024 (Q3FY24), the company narrowed its net loss to RM803,000 from a net loss of RM3.09 million in the same period the previous year attributed to the insurance claim received in the quarter under review.
For the cumulative nine-month period, the company posted a net profit of RM1.18 million versus a loss of RM3.9 million last year.
It logged a lower revenue of RM5.32 million in Q3FY24 versus RM7.17 million in the same period last year.
Revenue was also lower for the nine months at RM18.29 million compared to RM30 million in the corresponding period last year.