Tasco bullish about performance in FY21

On the outlook for 2021, Tasco said its prospects are closely tied to the performance of the domestic and global economy, as the health of the logistics industry is closely aligned with economic activity and international trade.

PETALING JAYA: Tasco Bhd reported a net profit of RM16.34mil for its fourth quarter ended March 31,2021, compared with a net loss of RM377,000 in the previous corresponding period, on the back of higher contribution from the company’s domestic and international business solutions segments.

In a filing with Bursa Malaysia, the total logistics solutions provider said its international business solutions (IBS) segment recorded an increase of RM8.5mil (488.6%) from RM1.7mil to RM10.3mil, while its domestic business solutions (DBS) segment recorded an increase of RM4.2mil (50.8%) from RM8.3mil to RM12.5mil.