How Is KNM's Earnings Guidance Faring?

Posted on 9 March 2011 : What I Think Of KNM's Earnings Guidance

Let me repeat what KNM management said:

• KNM’s management had met with analysts earlier in the week and guided earnings before interest, tax, depreciation and amortisation (Ebitda) of RM363 million for its FY11 (ending Dec 31, 2011), while the Ebitda for FY12 is targeted at RM564 million

That was from the horsie own mouth and this wasn't no hot shot analyst estimates and this horsie, KNM, is TELLING everyone that it will earn some EBITDA of rm 363 million for fy 2011 and rm 564 million for fy 2012.

And I remarked What I Think Of KNM's Earnings Guidance in that posting.

So KNM reported its Q1 earnings.

Here's the screenshot.



And here's what KNM has to say about their earnings.

The Group achieved revenue of RM413.00 million, profit after tax and minority interest of RM19.02 million and EBITDA (Earning Before Interest, Tax, Depreciation and Amortisation) of RM39.89 million for the period ended 31 March 2011. Compared to the previous year, the higher performance for revenue and EBITDA in this year was due to higher revenue recognised and higher contribution margins, whereas profit after tax and minority interest in this year was lower due to lesser deferred taxation impact.

Ok it's only the first quarter but remember KNM had said:

• KNM’s management had met with analysts earlier in the week and guided earnings before interest, tax, depreciation and amortisation (Ebitda) of RM363 million for its FY11 (ending Dec 31, 2011), while the Ebitda for FY12 is targeted at RM564 million

How?