Moving forward, Tiong Nam expects its core logistics and warehousing services segment to be affected by the global economic slowdown.
PETALING JAYA: Tiong Nam Logistics Holdings Bhd
’s net profit in the second quarter ended Sept 30 increased by nearly three-fold despite reduced revenue, thanks to lower operational and finance costs.
The group told Bursa Malaysia that its net profit rose by RM3.69mil in the July-Sept 2020 period as compared to RM1.31mil in the previous corresponding quarter.
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