TA Enterprise Q3 profit falls to RM20m

KUALA LUMPUR: TA Enterprise Bhd’s pre-tax profit declined to RM20 million in the third quarter ended October 31 from RM36.5 million in the same quarter last year.

However, its revenue rose to RM173.1 million from RM153.3 million previously.

In a statement to Bursa Malaysia yesterday, TA Enterprise said it recorded lower contributions from both the stockbroking arm and TA Global Group in the current quarter.

It said contributions from its property division would continue to be positive, despite growing uncertainties in the global economic landscape.

By Business Times