Three-A Resources Q4 earnings up 8%

PETALING JAYA: Three-A Resources Bhd's net profit for the fourth quarter ended Dec 31, 2017 rose 8.3% to RM14.03 million from RM12.95 million a year ago on higher sales volume.
Its revenue of RM109.42 million is 15.1% higher than RM95.04 million in the previous year's corresponding quarter as a result of higher sales volume in terms of products quantities sold.
For the full year period, its net profit rose % to RM41.65 million from RM38.92 million a year ago, while revenue also increased % to RM411.49 million compared with RM387.72 million in the previous year on the back of higher quantities of products sold.
On prospects, the group is continuing its efforts to capture more product market share from the recently completed Maltodextrin product plant no 3 and roll out plans for land acquired in the vicinity of the existing factories. The board expects these plans to contribute positively to the group's earnings.
The stock was up one sen to close at 98 sen with some 85,700 shares changing hands.