KUALA LUMPUR (May 6): C.I. Holdings Bhd swung back into the black in its third financial quarter ended March 31, 2015 (3QFY15), posting a net profit of RM2.24 million due to better performance from its edible oil products division.

It reported a net loss of RM2.15 million in 3QFY14.

Revenue for 3QFY15 rose 640% to RM71.02 million, from RM9.59 million last year.

In a filing with Bursa Malaysia today, C.I. Holdings' (fundamental: 1.85; valuation: 0.2) said its edible oil products division generated RM2.83 million in operating profit on revenue of RM59.92 million.

For the nine months period (9MFY15), it reported a net profit of RM5.35 million versus a net loss of RM1.86 million a year ago.

Revenue however jumped 834.72% to RM268.7 million, from RM28.75 million in 9MFY14.

Going forward, the group said it will continue with its expansion plans for revenue growth for its edible oil operations and with smart partnership tie-up with property developers for the tap-ware and sanitaryware divisions, to enhance shareholders' value.

C.I. Holdings shares traded at a low of 99.5 sen on Jan 28, before climbing to a high of RM2.40 on March 19.

It closed 10 sen or 4.44% higher at RM2.35 today, for a market capitalisation of RM364.5 million.

(Notes: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)