KUALA LUMPUR: Texchem Resources Bhd
is confident that the group will remain resilient and sustain its performance in the coming quarter.
“Looking ahead, the global macroeconomic landscape has shown signs of improvement with inflation easing and the recent interest rate cut by the US Federal Reserve leading to a more favourable environment for businesses, which also boosts consumer sentiment.
“All in all, the board is confident that the group will remain resilient and sustain our performance in the coming quarter,” executive chairman Tan Sri Fumihiko Konishi said in a statement.
In the third quarter ended Sept 30, Texchem posted a net profit of RM1.11mil, or earnings per share of 0.95 sen compared with a net loss of RM750,000, or loss per share of 0.64 sen in the same quarter last year.
Revenue for the quarter rose 15.4% to RM280.8mil against RM243.3mil achieved a year prior, largely driven by continued improvements from the industrial and polymer engineering divisions.
In the first nine months, it posted a net profit of RM749,000 on revenue of RM851.2mil.
