TSH Resources Attributable Profit Slides 56% in Q1; Shares Slump 7%
MT Newswires05-20
TSH Resources (SGX:TSH, KLSE:TSH) shares slid over 7% on Wednesday after the palm oil company reported a 56% decline in its attributable profit to owners of 21.3 million ringgit from 48.2 million ringgit a year earlier.
Basic earnings per share came in at 0.0169 ringgit compared with 0.0356 ringgit in the year-ago period, according to a Tuesday filing with the Singapore Exchange.
The dual-listed company's revenue fell 25% year over year to 205.2 million ringgit from 275.3 million ringgit, mainly due to a decrease in revenue from the palm products segment.
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