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INGRESS CORP BHD added four
sen, or 8.33% to 52 sen with 121,000 shares traded
yesterday. The company is confident of returning
to the black after posting a net loss of of RM11.35
million last year. Rising demand for its auto parts
was reflected in its first quarter ended Jan 31,
2008, with a net profit of RM3.54 million compared
to net loss of RM436,000 in the same quarter last
year. Quarterly revenue jumped 64.6% to RM111.9
million from RM67.98 million previously. Last week,
Ingress' 49% - owned associate Balfour Beatty Rail
Sdn Bhd won a RM1 billion contract to implement
the rail system package for the Ipoh-Padang Besar
electrified double-tracking project from the MMC-Gamuda
joint venture. The company said the project is not
expected to contribute to this financial year's
profit as the early stage only involves design and
procurement.
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