Tasco posts weak earnings due to international freight forwarding ops

For the financial year ended March 31, 2024, the logistics company’s net profit tumbled by 32% year-on-year to RM61.74mil.

PETALING JAYA: Tasco Bhd has reported its weakest annual net profit in three years, dragged down by the poor performance of its international freight forwarding and domestic contract logistics businesses.

For the financial year ended March 31, 2024 (FY24), the logistics company’s net profit tumbled by 32% year-on-year (y-o-y) to RM61.74mil.