TSH Resources Bhd’s pre-tax profit rose to RM52.75 million in the third quarter (Q3) ended Sept 30, 2017 from RM22.43 million recorded in the corresponding quarter a year ago.
Revenue increased to RM256.82 million from RM213.26 million previously.
In a filing to Bursa Malaysia, the company said the better performance was mainly attributable to the higher average crude palm oil price and increase in fresh fruit bunch production as well as net foreign exchange gains.
Moving forward, the group expects palm oil yield for the year to remain favourable vis-a-vis the prior year.
It said production should also remain favourable due to better age profile as more oil palm trees reach optimum yield and with more planted areas coming into maturity and harvesting stage.