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”.
“Premised the encouraging news flow on vaccines front, which is expected to spur confidence in economic recovery narrative worldwide, we will continue to forge forward with the implementation and execution of our existing projects while constantly seeking out new business opportunities to further entrench our industry positioning. Last but not least, let’s not forget our priority in protecting the safety and wellbeing of our employees from this pandemic”.