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First Resources reports 33.0% higher 3Q net profit of US$37.1 mil on higher average selling prices and higher sales volumes

Felicia Tan
Felicia Tan • 2 min read
First Resources reports 33.0% higher 3Q net profit of US$37.1 mil on higher average selling prices and higher sales volumes
For the 9MFY2020, net profit rose 40.6% y-o-y to US$80.3 million.
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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.

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