OCTAGON Consolidated Bhd expects its proposed acquisition of a mini-power generation operation in India to help double its net profits in 2005 from the RM11mil reported for the year ended Oct 2003, according to chief executive officer Mazlan Ali.
“The forecast is based on a net profit guarantee of RM11.53mil by March 2005 from the vendors and developers of the power plants and at least RM10mil from Octagon’s coating division,” he told a press conference in Kuala Lumpur yesterday.
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