4QFY3/10 results preview. QL’s 4Q10 results (due out today) are likely to come in in line with our expectations. We expect QL to post yoy net profit growth of 19.6%, which is above management’s initial guidance of 10-15% for the full-year. In 4Q10, we expect net profit to post double-digit % growth yoy driven mainly by its marine product manufacturing division, due to higher sales volume of surimi-based products coupled with increase in surimi prices of around 10% yoy.
QL Resources Berhad : Expecting Strong FY10 Results - 24/05/2010
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