6MFY10 net loss of RM7.4m. Axis reported a lower-than-expected 2QFY06/10 net loss of RM1.7m. Net loss for 1HFY10 amounted to RM7.4m, which made up 29.9% of our full-year net loss estimate. The key variances were lower-than-expected 6M operating losses of RM6.1m (vs. our fullyear operating loss forecast of RM22.2m), partly offset by the lower-thanexpected revenue as a result of the slowdown in both local and overseas orders. As expected, Axis did not declare any dividend.
Axis Incorporation Berhad : 6MFY10 Net Loss Of RM7.4m -25/01/2010
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