Markets
DNeX tops off-market trades
Johnny Loh | 01 Dec 2017 00:30
The higher net profit was mainly due to the growth in DNeX’s business-to-business and business-to-government business segments
Dagang NeXchange Bhd (DNeX) tops last week’s off-market trades by volume after 50.23 million of its shares were transacted at 40.5 sen apiece on Nov 29.

The block of shares is equivalent to RM20.35 mil, representing 2.86% of the total shares outstanding.

DNeX is engaged in the information communications and technology and energy business. For its Q3 ended Sept 30, the company’s net profit rose 132.34% to RM15.71 mil from RM6.76 from the corresponding quarter a year ago.

The higher net profit was mainly due to the growth in its business-to-business (B2B) and business-to-government (B2G) business segments as well as new recurring income from operation and maintenance of the vehicle entry permit (VEP) and road charges (RC) system.