♦ Above our expectation. Quality Concrete’s 1HFY01/11 net profit of
RM1.7m already exceeded our full year forecast. Key variances were
better-than-expected performances from its manufacturing operations and
a lower effective tax rate (16.6% vs. our assumption of 24%) due to the
utilisation of tax losses carried forward.
Quality Concrete Ltd : Returns To The Black in 1HFY01/11 - 30/09/2010
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