Thursday, May 19, 2011

TSH up after 1Q earnings surge 105%

KUALA LUMPUR: TSH RESOURCES BHD [] shares rose on Thursday, May 19 after its 1Q2011 earnings surged 105% to RM23.95 million from RM11.26 million a year ago boosted by its Indonesian palm oil operation where fresh fruit bunches (FFB) production grew by 48%.

At 9.10am, TSH was up five sen to RM2.87 with 32,100 shares traded.

Revenue rose 5.04% to RM252.59 million from RM240.47 million while earnings per share were 5.84 sen compared with 2.75 sen.

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