Tiong Nam 3Q net profit nearly quadrupled from a year ago
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Tiong Nam 3Q net profit nearly quadrupled from a year ago
Tiong Nam 3Q net profit nearly quadrupled from a year ago |
Business & Markets 2014 |
Written by Ho Wah Foon of theedgemalaysia.com |
Monday, 24 February 2014 20:13 |
KUALA LUMPUR (Feb 24): Tiong Nam Logistics Holdings Bhd's net profit for third quarter to December 2013 nearly quadrupled to RM16.8 million, from RM4.4 million a year ago.
Its revenue rose to RM151.9 million from RM80.0 million.
In the nine months to December, its total profits increased to RM43.9 million from RM11.5 million in similar period previously. Its revenue rose to RM409.4 million from RM237.9 million.
On outlook, the mainly logistics and warehousing services company said: "The property development segment is expected to continue contributing positively to the group in financial year 2014."
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