3QFY06/09 results largely in line. Dialog reported 3QFY06/10 revenue of RM282.8m (+3% qoq, +5% yoy) and net profit of RM31.8m (+11% qoq, +53% yoy). Although 9M net profit only accounted for 70% and 74% of our full-year forecast and market consensus, we consider the results to be largely in line as we expect stronger contribution from higher-margin plant maintenance and specialist products and services as well as higher contribution from TLP1 over the remaining quarters. Furthermore, EBITDA margin increased 1.1%-pts qoq to 12.5% given higher contribution from specialist product and services as well as plant maintenance services.
Dialog Group Berhad : Stronger 4Q Ahead - 13/05/2010
No comments:
Post a Comment