♦ Within expectations. FY06/10 net profit was in line with our and market
expectations, accounting for 101.9% and 102.5% of our and consensus fullyear
forecasts. FY06/10 net profit grew 21.1% from RM13.6m to RM16.4m
mainly due to: (1) contributions from new services (i.e. land freight and
haulage) since FY06/09; and (2) Higher contributions for its supporting
services segment i.e. custom brokerage.
Freight Management Berhad : FY06/10 Earnings Rose 21.1% YoY - 26/08/2010
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