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Monday, December 5, 2011

Glomac gains on Q2 profit surge

Glomac Bhd, a Malaysian property developer, advanced to the highest level in almost three weeks in Kuala Lumpur trading after second-quarter profit surged 50 percent to RM23.8 million from a year earlier.

The stock rose 1.2 percent to 83 sen at 9:12 a.m. local time, set for the highest close since Nov. 16.

By Bloomberg

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