BEATING prospectus. Maxis (RM5.40) beat its 2002 prospectus forecasts at turnover, pre-tax and net profit levels, by respectable margins, as shown below.
Against our more optimistic forecasts, net profit was still 10% ahead. As we see it, the results are impressive not only relative to its prospectus indication, but also against the tough industry conditions, and especially considering the poor showing of some of its peers.
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