In line, should improve in next few quarters. CBIP’s 1QFY10 net profit was in line with our and consensus estimates, coming in at 19.8% of our and 18.6% of consensus FY10 forecasts, respectively. This is in line with CBIP’s traditionally stronger earnings in the 2H of the year. CBIP declared an interim dividend of 5 sen (tax exempt), which is in line with our expectations.
CB Industrial Product Berhad : Picking Up Momentum - 31/5/2010
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