♦ 2QFY12/10 results meet expectations. 1H10 net profit of RM128.3m achieved 49% and 50% both our and of consensus estimates as the company’s car sales grew in line with the general pick up in the Malaysian automotive sectors’ total industry volume (TIV) seen since the start of 2010. An interim dividend per share of 6 sen (less tax of 25%) was declared in the quarter, above the 5 sen (less tax of 25%) interim dividend per share declared in FY09.
Tan Chong Motor Berhad : Stronger Car Sales And Favourable Forex Rates - 19/08/2010
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