TSH Resources Bhd posted a 87% increase in net profit to RM72.4mil for the year ended Dec 31, 2004. There was an element of exceptional gain but operating profits also improved in all its divisions.
The group said its pre-tax profit of RM85mil included a gain of RM17mil from the sale of shares in member companyEkowood International Bhd, which made an initial public offering last year.
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