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.