Luck still on its side...Tanjong’s (RM11.10) third-quarter results for the January 2004 financial year again exceeded our expectations, and similarly due to good luck. Numbers forecast operation (NFO) sales increased 3.4% from the preceding quarter on identical number of draw days, while profits were about 20% higher.
?while sales remained encouraging. Improved NFO sales, which were seen in May–July (up 3% from the corresponding period a year ago) continued into August–October, as Tanjong reported 15% sales expansion with one additional draw day.
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