Tasco on track to deliver on earnings for FY25

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PETALING JAYA: Logistics solutions provider Tasco Bhd is expected to see stronger earnings in the coming quarters of its financial year ending March 31, 2025 (FY25), supported by strategic selling-price adjustments and improved margins, according to analysts.

The anticipated strengthening of the ringgit against the US dollar could also pose challenges, potentially impacting bottom-line margins, it added.“The domestic business is expected to remain flat over the foreseeable future, pending the completion of the new warehouse in 2026,” Apex Research said.

However, the research house expressed caution regarding the freight forwarding business margin due to the current volatility of international freight rates.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: RHB /Business/Business News Logistics Warehousing Freight Tasco Corporate News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 00:00:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 595 words

Reading Time: 4 minutes read

Sentences: 20 lines

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Copyright Owner: © The Star

News ID: 21945820

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