Plantation-based TSH Resources Bhd expects its net profit for the financial year ending December 31, 2011 to exceed analysts' projections.
The projection of several research houses is for the company's net profit for the current financial year to range from RM101 million to RM121 million.
For the nine months ended at September 30, 2011, TSH recorded a net profit of RM94.4 million compared to RM40.8 million for the previous corresponding period.
"We are confident that the profit attributable to shareholders will exceed the expectations of the analysts,", TSH Resources chairman, Datuk Dr Kelvin Tan said at the company's extraordinary general meeting here today.
The projection of several research houses is for the company's net profit for the current financial year to range from RM101 million to RM121 million.
For the nine months ended at September 30, 2011, TSH recorded a net profit of RM94.4 million compared to RM40.8 million for the previous corresponding period.
"We are confident that the profit attributable to shareholders will exceed the expectations of the analysts,", TSH Resources chairman, Datuk Dr Kelvin Tan said at the company's extraordinary general meeting here today.
