Malaysia-based Tasek Corp Bhd posted a 3Q net profit of MYR1.89m (US$447,190) a fall from MYR7.56m in the corresponding period of the previous year, according to The Star Online.

The company has a total net profit of MYR6.93m so far this year, a considerable decrease from MYR48.2m of 9M16.

The decline in profits has been attributed to a reduced demand for cement.