TSH Resources 4Q core profit jumps to RM22.5m

Profit before taxation in 4Q ended Dec 31, 2019 increased by 171% to RM32mil from RM11.8mi due to higher revenue and gain on foreign exchange.

KUALA LUMPUR: TSH Resources' core profit before tax for the fourth quarter ended Dec 31,2019 jumped by 136% to RM22.51mil from RM9.54mil a year underpinned by higher revenue from its plantation business.

It said on Thursday its revenue rose by 9% to RM241.49mil from RM221.63mil a year ago mainly attributable to higher average crude palm oil (CPO) selling price.