PETALING JAYA: Analysts generally expect Tasco Bhd
to post stronger quarters ahead, in anticipation of a recovery in external trade activities and contribution from its new warehouse capacity.
This was despite the integrated logistic group’s latest results for the third quarter of financial year 2024 (3Q24), which missed most analysts’ expectations.
Tasco’s net profit dropped 32.37% to RM13.82mil in 3Q24 from RM20.44mil a year earlier, on the back of freight rate normalisation and weaker performance from its domestic business solutions (DBS) segment.
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