Monday, November 22, 2010

Coastal rises after net income jump



Coastal Contracts Bhd, a Malaysian shipbuilder, rose to a three-month high in Kuala Lumpur trading after reporting a 12 per cent increase in third-quarter net income.

Its shares climbed 3 per cent to RM2.39 at 9:06 a.m. local time, set for their highest close since Aug. 4. -- Bloomberg

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