♦ Earnings recovery driven by reduced container liner losses.
1QFY03/11 net profit came in within expectations at 27-29% of our full-year
forecast and the full-year market consensus. The container liner division
remained in the red with RM134.7m losses. However, the losses were a lot
smaller vis-à-vis about RM300m per quarter over the last four quarters as
the continued efforts to restructure the operation of the division finally bore
fruit.
MISC Berhad : 1QFY03/11 Net Profit Jumps 83% YoY On Reduced Container Liner Losses - 20/08/2010
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