Below expectations. FY12/09 net profit of RM31.6m came in below our as well as market expectations, accounting for only 50.8-51.2% of our forecast and the market consensus. The variance against our forecast came largely from lower-than-expected sales volumes.
Ann Joo Resources Berhad: Anticipates Bumper Earnings in 1HFY12/10 - 01/03/2010
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