Better 2H ahead. 1QFY12/10 net profit came in at only 16% of our fullyear forecast. However, we consider the results within our expectation as we expect:
(1) Stronger quarters ahead against a backdrop of an improving global economy; and
(2) Huge interest savings from 2H onwards upon the completion of the disposal of its Malaysian business by 30 Jun 2010.
Integrated Logistics Berhad : Back In The Black In 1QFY12/10 - 17/5/2010
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