Within expectations. BP Plastics (BPP) 1Q12/10 net profit of RM3.6m (- 10.8% qoq; +20% yoy) accounted for 20% of our and consensus fullyear forecast respectively. We consider this to be within our expectations as 1Q is typically a slower period and we expect stronger earnings in the coming quarters as a result of the economic recovery.
BP Plastics Berhad : Within Expectations-25/05/2010
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