Tong Herr 1Q net profit jumps over 150% to RM11.81m

KUALA LUMPUR: Tong Herr Resources Bhd's earnings surged by 157% to RM11.81mil in the first quarter ended March 31,2020 from RM4.58mil a year ago due to higher sales volume from the fasteners segment.

It said on Friday its revenue was sligtly higher by 0.5% at RM171.43mil compared with RM170.56mil a year ago.

Tong Herr said there were more scheduled orders received for shipments to the US in 1Q

Earnings per share were 7.69 sen compared with 2.97 sen. It declared a dividend of 10 sen a share versus 12 sen a year ago.

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Tong Herr Resourcers , fasteners , earnings


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