1Q10 net profit grew 15.9% yoy. Kossan’s 1QFY12/10 net profit of RM30.4m (-25.8% qoq; +15.9% yoy) was within our and consensus expectations, accounting for 23% and 25.2% of our and consensus fullyear forecasts respectively. As expected, no dividend was declared for the quarter.
Kossan Rubber Industries Berhad : No Surprises - 21/5/2010
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