In line. FY04/10 net profit of RM26.6m, came in within our and consensus expectations, coming in at 96% and 95% of forecasts, respectively. During the quarter, Jaya Tiasa proposed a first and final dividend of 2 sen (less 25% tax) or a net payout of 16%, which is above our expectations of no dividend payment in FY10.
Jaya Tiasa Berhad : Within Expectations - 24/6/2010
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