♦ In line. QL’s 1QFY03/11 net profit of RM26.8m was in line with our and
consensus expectations, accounting for 22% of our and consensus full year
estimates respectively. We consider this to be in line as seasonally, 1Q has
always been the weakest followed by the 4Q
QL Resources Berhad : Earnings surged 20% Yoy In 1Q FY03/11 - 24/08/2010
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