Stock Earnings: MMI Holdings reported 86% increase in Q3 net profit!

MMI Holdings Ltd may advance after reporting that its third quarter to March net profit soared 86 pct year-on-year to 11.90 mln usd on the back of strong HDD demand in the consumer electronics and PC industries. "The group will continue to increase its capacity in the next few quarters to meet the growing customer demand," MMI managing director Teh Bong Lim said. MMI said it expects to post another set of record revenue and profits in the current financial year to June, for the third consecutive year.