MaxiTRANS pulls ahead

MaxiTRANS surged on Friday on results that beat expectations for 2012-13 and solid growth potential for the current financial year.

Transport equipment maker MaxiTRANS Industries (MXI) is one of the second best performing stock on the Uncapped 100 as its earnings raced ahead of market expectations.

The stock is up 9.3% to a five-month high of $1.41 in afternoon trade after the company reported a 111% surge in net profit to $26 million as revenue lifted 31% to $362.5 million for the year ended June 30, 2013.



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