Jaya Tiasa Holdings Bhd's pre-tax profit for the second quarter ended Oct 31, 2011 rose to RM57.3 million from RM41.1 million in the same quarter of 2010.
Revenue increased to RM239.5 million from RM192.2 million previously, it said in a filing to Bursa Malaysia today.
Jaya Tiasa said the improvements in revenue and pre-tax profit were mainly due to increase in log sales and the better average selling price for plywood.
"The improvement in crude palm oil sales, the increase in average selling price as well as the growth in fresh fruit bunches sales were also accounted for in the quarter's financial results," it said.
The group said with the volatile operating environment, the performance for the timber segment would be challenging.
It said the palm oil segment, however, would remain bullish.
"Barring any unforeseen circumstances, the board believes that the performance for the current financial year will be satisfactory," it said. -- Bernama
Revenue increased to RM239.5 million from RM192.2 million previously, it said in a filing to Bursa Malaysia today.
Jaya Tiasa said the improvements in revenue and pre-tax profit were mainly due to increase in log sales and the better average selling price for plywood.
"The improvement in crude palm oil sales, the increase in average selling price as well as the growth in fresh fruit bunches sales were also accounted for in the quarter's financial results," it said.
The group said with the volatile operating environment, the performance for the timber segment would be challenging.
It said the palm oil segment, however, would remain bullish.
"Barring any unforeseen circumstances, the board believes that the performance for the current financial year will be satisfactory," it said. -- Bernama
