TSH Resources Berhad profit drops 34% in 1Q24

The company attributed the dip to revenue decline.

SGX-Mainboard listed TSH Resources Berhad reported a profit of $7.2m (MYR25.2m) for 1Q24, a 34% YoY drop from the $10.8m (MYR37.9m) recorded in 1Q23.

Revenue for the period also decreased 3% YoY to $69.7m (MYR242.4m) from $71.0m (MYR 250.2m) a year ago.

Meanwhile, gross profit increased 4% YoY to $25.4m (MYR88.4m) from $24.4m (MYR84.7m) in 1Q23.

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