Puncak Niaga Holdings Berhad : 1HFY10 Net Profit Declines On Higher Expenses-27/08/2010

In line with our forecast, but below market expectations. Although 1HFY12/10 reported net profit of RM69.3m accounting for 52.9% of our fullyear estimate, we consider the results to be within expectation, as Puncak’s operating costs were traditionally lower in 1H. As against the market concensus, the results came in below expectations, at only 42.3% of the concensus full-year estimate.

Puncak Niaga Holdings Berhad : 1HFY10 Net Profit Declines On Higher Expenses