In line with expectation. 9MFY06/10 net profit of RM11.5m came in line with our expectation, at 72.8% of our full-year forecast. 9MFY06/10 net profit grew 20.6% from RM9.5m to RM11.5m mainly due to:
(1) The introduction of three new services (i.e. land freight, haulage and project cargo) since 2QFY06/09;
(2) Higher contributions at the supporting services segment; and
(3) Lower finance costs.
Freight Management Holdings Berhad : 9MFY06/10 Net Profit Grows 20.6%-27/05/2010
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