PETALING JAYA: Tasco Bhd
reported a net profit of RM16.34mil for its fourth quarter ended March 31,2021, compared with a net loss of RM377,000 in the previous corresponding period, on the back of higher contribution from the company’s domestic and international business solutions segments.
In a filing with Bursa Malaysia, the total logistics solutions provider said its international business solutions (IBS) segment recorded an increase of RM8.5mil (488.6%) from RM1.7mil to RM10.3mil, while its domestic business solutions (DBS) segment recorded an increase of RM4.2mil (50.8%) from RM8.3mil to RM12.5mil.
For its financial year ended March 31,2020, the group’s net profit rose to RM41.27mil from RM8.89mil in the previous corresponding period, while revenue improved to RM946.61mil from RM747.44mil a year earlier.
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