KUALA LUMPUR (May 5): Three-A Resources Bhd’s net profit for the first quarter ended March 31, 2015 (1QFY15) was down slightly by 2.36% to RM3.51 million or 0.89 sen a share from RM3.6 million or 0.91 sen a share last year on lower turnover.

Quarterly revenue came in at RM74.593 million, representing 2.7% lower compared to RM76.638 million in 1QFY14 on marginally lower sales of the group's products.

No dividend was declared for the quarter under review.

In a filing with Bursa Malaysia today, Three-A Resources (fundamental: 2.1; valuation: 1.4) said its profit before tax (PBT) for the quarter stood at RM5.93 million or 2.7% higher against RM5.775 million last year due to foreign exchange gain and lower financial cost.

However, its PBT showed a decline of 14.6% to RM5.932 million against RM6.947 million in the preceding quarter due to lower turnover and product margins.

Going forward, the group expects its product to remain competitive.

"Barring any unforeseen circumstances, the directors anticipated that the group achieve a satisfactory performance for the financial year 2015," it added.

Shares in Three-A Resources inched up 2.5 sen or 2.66% to close at 96.5 sen for a market capitalisation of RM369.98 million.

(Notes: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)