Tong Herr Resources Bhd, a manufacturer of stainless steel fasteners, posted RM14mil in pre-tax profit on the back of RM62mil in revenue in the first-half ended June 30, compared with RM4.2mil in the corresponding period last year.
Its group managing director Tsai Ming-Ti told StarBiz the improved performance was due to higher profit margins from the near 25% increase in the selling price of its stainless steel fasteners.
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