3 shares that keep giving big returns

After showering shareholders with solid returns over the past year these shares continue to head up.

Megaport Ltd (ASX: MP1)

The Megaport share price has gained more than 55 per cent over the past year after notching up another 8.29 per cent on Wednesday.

Megaport provides “elastic interconnection services” which assist the improvement of cloud operations.

The company announced on Wednesday that it had launched its Megaport Cloud Router (MCR) at the Pacific Telecom Council conference in Hawaii.

Megaport described the MCR as “a virtual router service that enables customers to rapidly and privately connect at Layer 3 without the need to own or manage routers or physical infrastructure”.

The company, with a market value of $355 million, reported that revenue for financial year (FY) 2017 had increased by 298 per cent on the prior corresponding period to come in at around $10.7 million.

But Megaport still reported a net loss of almost $30 million for FY 2017.

Medical Developments International Ltd (ASX: MVP)

The Medical Developments share price has gained about 54 per cent over the past year with shares in the company now trading for around $7.93.

Medical Developments, with a market capitalisation of around $466 million, manufactures and distributes drugs and medical equipment for people and animals.

The pharmaceutical company announced on Wednesday that it had been granted approval to distribute its pain relief medication Penthrox in Denmark.

The company was also recently granted approval to distribute Penthrox in Iceland.

Medical Developments posted a net profit after tax of $1.82 million, a 16 per cent increase on the prior corresponding period.

The company is optimistic that its Penthrox product will be approved in more countries but that didn’t stop directors offloading their stock late last year.

Chairman David Williams sold more than $23 million worth of Medical Development shares in October for $5.40 each.

But he would have done even better if he held off a bit longer like fellow director Allan McCallum who sold 120,000 shares in the company for $7.13 each a month later.

Supply Network Limited (ASX: SNL)

The Supply Network share price edged up 1 per cent on Wednesday, adding to gains of almost 80 per cent over the past year.

Supply Network, which sells parts for trucks and busses, holds subsidiaries which include Multispares Limited and Globac Limited.

The company reported a profit of $6.8 million for FY 2017 on revenues of $97.7 million.

Supply Network announced on Wednesday that it’s forecasting a profit after tax of around $3.8 million for the half year ending December 31.

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Motley Fool contributor Steve Holland has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Supply Network Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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