Warisan TC posts lower net profit on escalating costs

PETALING JAYA: Warisan TC Holdings Bhd’s net profit for the first quarter ended March 31, was marginally lower by 5.6% to RM2.68mil from RM2.84mil in the previous corresponding period, due to escalating costs.

Revenue rose 14.6% to RM114.69mil from RM100.11mil a year earlier, attributable to the increased contribution from the company’s travel and car rental, and automotive divisions.