Kinsteel Berhad : 2QFY12/10 Net Profit Falls 64% On Higher Input Costs And Weaker Sales Volumes - 30/08/2010

♦ Below expectations. 1H reported core net profit of RM30.7m came in below
expectations, accounting for only 37.8% of our and 32.8% of the concensus
full-year estimates. The variance against our forecast came largely from
lower-than-expected sales volume at the downstream operations.

Kinsteel Berhad : 2QFY12/10 Net Profit Falls 64% On Higher Input Costs And Weaker Sales Volumes - 30/08/2010