Wednesday 24 Apr 2024
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KUALA LUMPUR (Nov 26): Shares in plantation player TSH Resources Bhd fell 4.31% this morning after it reported a 25.7% decline in net profit to RM6.03 million for 3QFY19, from RM8.12 million last year.

At 9.19am, TSH fell 5 sen to RM1.11, valuing it at RM1.53 billion.

Revenue fell 9.7% to RM203.81 million from RM225.76 million last year on lower average crude palm oil and palm kernel selling prices. For the nine-month period, its net profit fell 14.7% at RM25.63 million from RM30.05 million last year, while revenue fell 12.8% to RM597.46 million from RM684.81 million.

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