KUALA LUMPUR: George Kent (Malaysia) Bhd's share price rose this morning after the company posted a 45% rise in its latest quarterly earnings, and also declared a final gross dividend of two sen per ordinary share of 50 sen each in respect of its financial year ended Jan 31, 2010.

At 9.55am, George Kent added two sen to RM1.40 with 200 shares done.

The company said it was on a capacity expansion mode to strengthen the growth platform of its core businesses in water meters manufacturing and CONSTRUCTION [].

The group would invest RM50 million to double the production capacity of its manufacturing facilities to two million water meters per annum in three years from one million currently.