FINWIRES · TerminalLIVE
FINWIRES

Refex Industries' Consolidated Profit Clocks Gains in Fiscal Q4; Shares Up 5%

By

Refex Industries' (NSE:REFEX, BOM:532884) consolidated attributable profit rose sharply to 908.2 million Indian rupees in the fiscal fourth quarter ended March 31 from 483.2 million rupees a year ago.

Earnings per share jumped to 7.38 rupees from 4.48 rupees a year earlier, the refrigerant gases-to-power trading conglomerate said in a filing to the Indian stock exchanges on Tuesday.

Revenue from operations in fiscal Q4 also increased to 9.34 billion rupees from 5.94 billion rupees a year ago.

The company's board recommended a final dividend of 1 rupee per equity share of face value 2 rupees each for the financial year ended March 31.

Refex's shares were up nearly 5% in recent trade.

Related Articles

Asia

Shenzhen Topray Solar (SHE:002218) Controlling Shareholders Sue Over Equity

Shenzhen Topray Solar (SHE:002218) said lawsuits were filed over the ownership of 53.6% equity in the company's controlling shareholder, Shenzhen Aoxin Investment Development, according to a Tuesday filing with the Shenzhen bourse.Controlling shareholders and actual controllers, Chen Wukui and Li Fenyu, filed two lawsuits against their daughter, Chen Chen, seeking to reclaim the equity and invalidate a shareholders' resolution made by Chen Chen.Operations remain normal and the personal family dispute will not materially impact the company's business or performance.Shares of the solar energy company closed 8% lower Tuesday.

$SHE:002218
Asia

Desco Infratech Bags New Order Worth INR32 Million for Infrastructure Services

Desco Infratech (BOM:544387) has received an order worth 31.5 million Indian rupees from Green Gene Enviro Protection and Infrastructure and KP Energy (NSE:KPEL, BOM:539686), according to a BSE filing on Tuesday.The contract is for providing site remediation and cleaning services, and for the supply, installation, and cable laying work, including HDPE pipe supply, underground cable laying, and related infrastructure work.

$BOM:539686$BOM:544387$NSE:KPEL
Asia

TECO Electric to Acquire Malaysia's Dynaciate Engineering for MYR200 Million

TECO Electric & Machinery (TPE:1504) agreed to acquire Malaysian engineering firm Dynaciate Engineering for about 200 million ringgit, according to a Monday press release.Shares of the Taiwanese industrial conglomerate rose 1% at close of Tuesday's trade.The move will strengthen TECO Electric's AI data center infrastructure business in Southeast Asia, it said.The deal is expected to close before the end of August, with TECO taking a 78% stake.The company said Dynaciate will act as a manufacturing and engineering hub for modular data center production, helping speed up project delivery and improve execution capacity.

$TPE:1504