Below expectations. Including RM434m government compensation yet to be received from the scheduled 37% water tariff hike that was supposed to happen on 1 Jan 09, FY12/09 net profit missed expectations by 12%. We believe the variance against our forecast came largely from the higher than- expected depreciation expenses.
Puncak Niaga Holdings Berhad : FY12/09 Net Profit Underpinned By GovernmentCompensation Yet To Be Received ...
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