TRC Synergy Berhad Continues Its Earnings Strength Into Q3 2020

KUALA LUMPUR, Nov 27 (Bernama) — TRC Synergy Berhad (‘TRCS’ or ‘the Group’ TRC, Stock Code: 5054) today announced that the Group had achieved a Net Profit of RM5.74 million on the back of RM190 million in Revenue for its third quarter of 2020 (“Q3 2020”).

“For the Q3 2020 ended 30 September 2020, the Group’s net profit accelerated to RM5.74 million from the RM0.27 million, represents a hefty 2,000% higher year-on-year (“YoY”) attributed to low base effect while the Group’s revenue recorded 19% lower YoY amid the RMCO, reflects the Group’s sustainability and resiliency even under the severe economic scenario brought by the Covid-19 Pandemic, partly due to positive contribution arising from favourable foreign currency movement, said Tan Sri Dato’ Sri Sufri Bin Hj. Mohd Zin, the TRC Synergy Berhad Group Managing Director”.


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