1QFY12/10 results. 1QFY12/10 results were largely in line with our and market expectations, accounting for 21.4% and 24.7% of our full-year forecast and market consensus respectively. 1Q revenue was up 2.1% qoq mainly driven by stronger contribution from heavy and industrial equipment division (+26.1% qoq). Coupled with stronger associate contribution stemming from stronger unit sales of Perodua (+24.4% qoq), 1QFY12/10 net profit growth accelerated from -0.5% qoq (at EBIT) to 16.0% qoq.
UMW Holdings Berhad : Sustaining Strong Hold in 1Q10 - 21/5/2010
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