Below expectations. Daibochi’s 2QFY10 net profit of RM4.2m (-16.5% qoq and -30.8% yoy) was below our and consensus expectations, resulting in 1HFY10 profits accounting for only 34% of our and consensus full year net profit forecasts. This was caused by lower-than-expected operating margins and higher-than-expected effective tax rate. Daibochi declared a second interim tax-exempt dividend of 2.5 sen, bringing the total YTD dividend to 6 sen.
Daibochi Berhad : Rising Raw Material Costs Weigh Down Earnings - 29/7/2010
No comments:
Post a Comment