♦ Below expectations. BP Plastics (BPP) 2QFY12/10 net profit of RM3.1m
(-11.6% qoq; -24.5% yoy) took its 1HFY12/10 earnings to RM6.7m (-6% yoy). This accounted for 37% of our full-year forecast. The key variance was due to higher-than-expected input costs i.e. resins.
BP Plastics Berhad : 2QFY12/10 Earnings Lower Due To Higher Costs - 16/08/2010
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