TMK Chemical first-quarter earnings at RM21mil
The group said these factors are expected to contribute to volatility in the pricing of inorganic chemicals across both domestic and international markets.
Releasing its results for the first quarter ended March (1Q25) yesterday, TMK posted a net profit of RM20.8mil on the back of a revenue of RM258mil.
TMK provides a range of chemical manufacturing, distribution, storage and logistics services.
As the group was only listed on the Main Market of Bursa Malaysia last Dec 12, there was no corresponding year-on-year quarter with which to compare its performance, although the group did report that its total chemical-management segment accounted for 98.6% of the quarterly turnover.
Compared with the preceding three months ended Dec 31 (4Q24), net profit saw a 9.2% dip from RM22.9mil, as revenue declined by 12.2%.
TMK pointed to lower sales volumes during 1Q25 as primary reason for the decrease.
The group's earnings per share for 1Q25 stood at 2.08 sen.
In a filing with Bursa Malaysia, TMK said additional challenges going forward include fluctuating market demand and supply conditions, ongoing global geopolitical conflict, recessionary risks, and exchange rate fluctuations involving the US dollar, Singapore dollar, and the Vietnamese dong.
'The group also faces intense market competition. In response, we remain committed to enhancing productivity and strengthening supply chain resilience to better withstand these external, uncontrollable factors,' TMK said in its filing.
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