In line. Carlsberg reported 1QFY12/10 net profit of RM37.8m, which were within our and consensus expectations, accounting for 29% and 34% of our and consensus full year forecasts respectively. We consider the results to be in line due to the Chinese New Year seasonality factor. No dividend was declared during the quarter.
Carlsberg Brewery Berhad : Strong Contribution From Singapore - 31/5/2010
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