Tasco Bhd's pre-tax profit rose 48.3 per cent to RM8.605 million for the first quarter ended March 31, 2011 from RM5.827
million in last year's corresponding quarter.

The company's revenue increased to RM118.363 million from RM90.679 million previously.

'The significantly better result was due to the better performance of our domestic business solutions,' the company said in a filing to Bursa Malaysia today.

Tasco also said the prospects of the group's business was very much dependent on the performance of the Malaysian and world economies which has a direct impact on the health and vibrancy of the local manufacturing sector and international trade.

'We remain cautiously optimistic of the prospects of the group for the rest of the financial year, and we will continue to remain focused in our effort to service our customers with innovative logistics solution and expand our logistics capacity where it is appropriate to do so, after consideration of the
risk factors,' it said. -- Bernama