2QFY10 results beat expectations... EON Cap’s 2QFY10 results were above our and consensus expectations with 1HFY10 net profit of RM211m (+3.4% yoy) making up 55-56.5% of our and consensus full-year net profit forecasts. Overheads were well-contained and as a result, 1H CIR stood at 53.1%, as compared to our initial full-year projection of 57.5%. As expected, EON Cap did not declare any dividend.
EON Capital Berhad : Another Strong Performance - 13/08/2010
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