Stock Earnings: MFS tech q2 net profit up 19%!

MFS Technology Ltd may gain after reporting that its second quarter to March net profit rose 19 pct from a year earlier to 9. 61 mln sgd as gross margins and sales improved. It also benefited from lower taxes, with the group's effective tax rate reduced to 7.50 pct during the quarter from 20.90 pct previously, the company said. Going forward, earnings will be bolstered by the group's strong order book, which stood at 160 mln sgd as of end-March, it said.