1QFY11 net profit expected to be weaker yoy but up significantly over 4QFY10. Tanjong is expected to report its 1QFY01/11 results at the end of the month. We expect 1Q net profit could be down yoy (low double-digit) due to weaker contribution from gaming and, possibly, power, while qoq, net profit is expected to be significantly higher thanks to better contribution from NFO as well as seasonally stronger results from Tropical Island.
Tanjong plc : 1Q Net Profit Likely Down YoY, Mainly Due To NFO - 22/6/2010
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