Tashin 1Q net profit jumps 16-fold to RM12.23m


Tashin Holdings managing director, Lim Choon Teik said the strong earnings and revenue growth were due to to higher demand for its steel processing products.

KUALA LUMPUR: Tashin Holdings Berhad posted a strong set of financial results for the first quarter ended March 31,2021 as its net profit surged by 16-fold to RM12.23mil from RM720,000 a year earlier.

Tashin, which produces steel products, announced on Monday the strong earnings growth was driven by higher demand for its steel products and selling price.

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