Legend jumps on strong profit

Legend Corporation closed within striking distance of its more than one-year high after management commented on its strong start to the current financial year at its AGM today.

Legend Corporation (LGD) closed within striking distance of its more than one-year high after management commented on its strong start to the current financial year at its annual general meeting today.

The circuit and memory chip maker for industrial products jumped 1 cent, or 3%, to 34.5 cents as investors welcomed news that pre-tax profit for the four months to end October is 17% higher than the same time last year.

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