KUALA LUMPUR: ECM Libra Financial Group Bhd shares advanced on Wednesday, March 30 after its earnings surged 250% to RM45.84 million in the fourth quarter ended Jan 31, 2011 from RM13.12 million a year ago, boosted by higher brokerage and fee income and also from trading and investment securities.

At 9.45am, ECM Libra was up 4.5 sen to 87 sen with 4.74 million shares done.

Its revenue doubled to RM105.84 million from RM46.79 million a year ago while earnings per share were 5.61 sen. It proposed dividend of 4.25 sen per share.

For the financial year ended Jan 31, 2011, net profit rose 59.7% to RM65.21 million from RM40.81million in the previous financial year. Revenue rose 60.2% to RM214.64 million from RM133.96 million