Tasco expects challenging operating environment

The company's net profit for the first quarter tumbled to RM7mil from RM14.22mil a year earlier.

PETALING JAYA: Tasco Bhd, one of Malaysia’s largest cold-chain providers, began its financial year 2025 (FY25) on a weak footing after its net profit was slashed by half in the first quarter.

Hit by higher “buying freight rates” and narrower pre-tax earnings for its international and domestic business segments, Tasco also cautioned shareholders about “a challenging operating environment” in the remaining quarters.