TSH Q2 net profit doubles

During the period in review, its revenue grew 46% to RM307.41mil from RM210.57mil in Q2’20, driven by its palm products segment despite impacted by the increase in export levy and duty in Indonesia

PETALING JAYA: Strong crude palm oil (CPO) prices lifted TSH Resources Bhd’s net profit, which doubled to RM39.72mil for the second quarter ended June 30, 2021 (Q2’21) from RM19.82mil in the corresponding quarter last year.

Consequently, the group’s earnings per share (EPS) rose to 2.88 sen from 1.44 sen previously.