Below our expectation, but above market consensus. 1QFY12/10 net profit came in below our expectation, accounting for only 19.2% of our full-year forecast. We believe the variance against our forecast came largely from higher-than-expected raw material costs (in particular,scraps). As against the market expectations, the results came in above,accounting for 27.7% of the full-year market consensus.
Ann Joo Resources Berhad : Near-Term Outlook Remains Positive
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