KUALA LUMPUR: Apollo Food Holdings Bhd's trading stock was bought up to record-high levels in Tuesday trading following a surge in the confectionery maker's profits in the third quarter of its financial year.

At the open, the share jumped 41 sen or 7.1% to RM6.18 a unit before ratcheting up to an all-time high of RM6.70 a share.

As at 9.26am, the counter was sitting on a share turnover of 194,000 shares.

The company said in a statement its net profit surged to RM30.2mil in the third quarter ended Jan 31 compared with RM10.8mil achieved in the same period last year.

Its revenue for the quarter climbed 3.9% to RM73.8mil against RM71.1mil last year. Earnings per share for the period rose to 37.80 sen from 13.52 sen a year prior.

For the first nine months, Apollo’s net profit almost doubled to RM47.87mil from RM24.8mil while revenue grew to RM198.2mil from RM196.8mil a year earlier.

With the higher profitability and gains on disposal recognised during the quarter, Apollo declared a second interim dividend of 50 sen per share, payable on April 24, 2024.