No surprises. Media Prima’s 1Q core net profit of RM29.3m (-15.7% qoq) accounted for 16.8% and 20.3% of our and consensus expectations respectively. We consider this to be within expectations as 1Q is typically a slower period. We expect stronger earnings in the coming quarters as a result of the economic recovery and sporting events lined up. As expected, no dividend was declared during the quarter.
Media Prima Berhad : Expecting Stronger Earnings Ahead - 20/5/2010
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