KUALA LUMPUR (Feb 22): TSH RESOURCES BHD [] posted record net profit of RM120.54 million in the financial year ended Dec 31, 2011, an increase of 43% from the RM84.28 million a year ago and its expects the Indonesian oil palm estates to boost future earnings.
It said on Wednesday its pre-tax profit of RM162.36 million was a record and was an increase of 54% from RM105.32 million in 2010. Its turnover was RM1.148 billion, up 26.4% from RM908.42 million a year ago.
As for the fourth quarter ended Dec 31, 2011, net profit fell 39.8% to RM26.15 million from RM43.45 million. Turnover was 18.9% higher at RM292.94 million compared with RM246.21 million. Earnings per share were 3.20 sen compared with 10.61 sen.
TSH proposed a first and final single tier dividend of 3.5 sen per share for FY2011.
It said that despite a 27% increase in contribution from the oil palm segment, pre-tax profit for the current quarter at RM30.05 million was lower than the RM42.58 million a year ago.
TSH said the reduction was primarily due to a foreign exchange loss of RM10.962 million and a RM7.291 million reduction in contributions from jointly controlled entities.
It said on Wednesday its pre-tax profit of RM162.36 million was a record and was an increase of 54% from RM105.32 million in 2010. Its turnover was RM1.148 billion, up 26.4% from RM908.42 million a year ago.
As for the fourth quarter ended Dec 31, 2011, net profit fell 39.8% to RM26.15 million from RM43.45 million. Turnover was 18.9% higher at RM292.94 million compared with RM246.21 million. Earnings per share were 3.20 sen compared with 10.61 sen.
TSH proposed a first and final single tier dividend of 3.5 sen per share for FY2011.
It said that despite a 27% increase in contribution from the oil palm segment, pre-tax profit for the current quarter at RM30.05 million was lower than the RM42.58 million a year ago.
TSH said the reduction was primarily due to a foreign exchange loss of RM10.962 million and a RM7.291 million reduction in contributions from jointly controlled entities.
