First Resources has reported net profit of US$37.1 million ($50.1 million) for the 3QFY2020 ended Sept 30, some 33.0% higher than the US$27.9 million reported a year ago.

3QFY2020 earnings before interest taxes depreciation and amortization (EBITDA) was up 15.5% y-o-y to US$71.4 million, while sales registered a 20.7% growth y-o-y to US$166.1 million for the period.

For the 9MFY2020, net profit rose 40.6% y-o-y to US$80.3 million. EBITDA climbed 24.4% y-o-y to US$178.3 million while sales inched up 3.2% y-o-y to US$444.3 million.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook