TSH Resources reports declining profit

Malaysian palm oil futures rose 2 percent on Tuesday, a second consecutive session of gains on stronger export demand and expectations of weaker production.

PETALING JAYA: TSH Resources Bhd has reported a 39% fall in net profit to RM17.83mil for its first quarter ended March 31 compared to the corresponding quarter last year, due to lower crude palm oil (CPO) and palm kernel revenue.

According to a Bursa Malaysia filing yesterday, the plantation group registered a revenue of RM226.14mil for the quarter.