Within expectations. Adventa’s 1QFY10/10 net profit of RM9.4m (+24.7% yoy), accounted for 20.5% and 22.3% of our and consensus fullyear net profit estimates respectively. We consider this to be in line with our forecast as we expect stronger earnings ahead following additional capacity expansion that is expected to come on stream in 2H2010. As expected, no dividend was declared during the quarter.
Adventa Berhad : 1Q10 Earnings Within Expectations - 04/03/2010
No comments:
Post a Comment