KUALA LUMPUR: Shares in Dufu Technology Corp Bhd rallied as much as 17 sen or 3.85% to a three-month high of RM4.59 on Wednesday following a positive earnings result.

       As at 9.30am, the counter was trading 12 sen or 2.71% higher at RM4.54 a share with 1.46 million units exchanging hands.

       Dufu's net profit for the third quarter ended Sept 30, 2021, rose 57.5% to RM20.25mil from RM12.86mil a year ago on the back of higher revenue of RM90.99mil compared with RM75.95mil previously.

       In a filing with Bursa Malaysia, it said the increase in revenue was mainly due to the increase in volume loading by customers related to hard disk drive (HDD) components.

       It also registered a strong double-digit growth following the enormous demand for sheet metal-welded assembly components and parts and from the buoyant orders coming from control and sensors in the non-HDD segment.