PETALING JAYA: Plantation company TSH Resources Bhd
will be undertaking new planting at a steady pace on its unplanted land over the next few years, underpinned by its strong balance sheet.
For the fourth quarter ended Dec 31, 2023 (4Q23), TSH’s net profit dropped by 42.4% year-on-year (y-o-y) to RM25.4mil or earnings per share of 1.84 sen.
Revenue declined by 7.3% y-o-y to RM260.9mil mainly due to a drop in revenue from its palm-products segment, attributable to lower average selling prices of crude palm oil (CPO) and palm kernel (PK) despite a higher volume of CPO sold.
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