Monday, March 1, 2010

Texchem Resources Berhad : Below Expectations

Full-year net loss of RM6.5m. Despite reporting an improved set of 4Q core results, this, nevertheless, was not strong enough for Texchem’s fullyear core net loss of RM6.5 (FY08: net loss of RM1.4m) to meet our expectations. The key variance was a higher-than-expected tax charge of RM5.5m during the year.

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