TFP Solutions Berhad reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenue of MYR 27,658,000 against MYR 13,250,000 a year ago. Profit after exceptional item before taxation was MYR 408,000 against MYR 173,000 a year ago. Profit attributable to equity holders of the company was MYR 469,000 or 0.16 sen per diluted share against MYR 262,000 or 0.09 sen per diluted share a year ago. Revenue is attributed mainly from the IT infrastructure business.

For the nine months, the company reported revenue of MYR 52,894,000 against MYR 39,622,000 a year ago. Loss after exceptional item before taxation was MYR 360,000 against profit of MYR 292,000 a year ago. Loss attributable to equity holders of the company was MYR 307,000 or 0.10 sen per diluted share against profit of MYR 310,000 or 0.10 sen per diluted share a year ago. Net cash from operating activities was MYR 4,501,000 against net cash used in operating activities of MYR 5,150,000 a year ago. Purchase of property, plant and equipment was MYR 94,000 against MYR 114,000 a year ago.

The company announced that barring unforeseen circumstances, the Board of Directors are of the opinion that the performance of the existing business of the TFP Group will remain cautiously optimistic for the financial year 2017.