The company attributes the better financial performance to an improvement in the overall sales volume as well as reduction in export rates, despite lower average selling prices (ASPs).
First Resources has reported a net profit of US$36.1 million ($48.81 million) for its 1QFY2024 ended March, up 86.6% compared to the previous corresponding period.
Ebitda rose 26% to US$69.4 million on the back of a 6.2% increase in sales to US$210.5 million.
