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三公大吃小棋牌游戏(www.eth108.vip):Ta Ann posts higher net profit for 2Q on higher prices for CPO, FFB and plywood

三公大吃小棋牌游戏(www.eth108.vip):Ta Ann posts higher net profit for 2Q on higher prices for CPO, FFB and plywood

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KUALA LUMPUR: Ta Ann Holdings Bhd’s net profit improved to RM92.02 million in the second quarter ended June 30, 2022, from RM74.14 million in the same quarter a year ago on higher average selling prices for crude palm oil, palm fresh fruit bunches and plywood products.

Revenue increased to RM654.15 million versus RM455.34 million, while basic earnings per share stood higher at 20.89 sen against 18.63 sen.

The plantation and logging company announced a third interim single-tier dividend of 15 sen per share to its shareholders, to be paid on Oct 5 this year, the company said in a filing with Bursa Malaysia.

For the first half of the year, the company saw its net profit advancing to RM196.64 million from RM115 million with revenue jumping to RM1.14 billion from RM795.96 million.

Basic earnings per share jumped to 44.64 sen from 26.13 sen.

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"With the group’s commodities demand remaining strong and with limited supply, its performance in the timber and palm oil sectors continue to achieve good profits.

"Indonesia has recently lifted workers' entry restriction into Malaysia, and with a memorandum of understanding in place to ease the recruitment process, this will improve the harvester shortage in the palm oil sector thus the group anticipates an overall increase in the fresh fruit bunches production volume, especially for the coming peak crop season.

"Against the backdrop of an unstable global environment and uncertain economic outlook, the group has no major expansion initiatives,” it said.

The company anticipates satisfactory financial performance for the financial year 2022. - Bernama


转载说明:本文转载自Sunbet。
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