KUALA LUMPUR (March 22) : Timber and oil palm PLANTATION [] entity JAYA TIASA HOLDINGS BHD []’s net profit rose 14% to RM45.52 million in the quarter ended Jan 31, 2012 from RM39.89 million a year earlier as lower tax expenses offset lower revenue and higher operating costs.
In a statement to the exchange on Thursday, Jaya Tiasa said its revenue fell marginally to RM237.56 million from RM237.64 million a year earlier as the company registered lower prices for its logs besides oil palm fresh fruit bunch (FFB) and crude palm oil (CPO).
Note that the company had last December changed its financial year end from April 30 to June 30.
Cumulative nine-month net profit rose 54% to RM142.59 million from RM92.42 million a year earlier while revenue was up 20% to RM737.08 million from RM615.39 million.
The company expects its timber segment to remain challenging against a volatile operating landscape. It It is, however, more optimistic on its oil palm operations as it anticipates higher CPO prices and output of the commodity.
In a statement to the exchange on Thursday, Jaya Tiasa said its revenue fell marginally to RM237.56 million from RM237.64 million a year earlier as the company registered lower prices for its logs besides oil palm fresh fruit bunch (FFB) and crude palm oil (CPO).
Note that the company had last December changed its financial year end from April 30 to June 30.
Cumulative nine-month net profit rose 54% to RM142.59 million from RM92.42 million a year earlier while revenue was up 20% to RM737.08 million from RM615.39 million.
The company expects its timber segment to remain challenging against a volatile operating landscape. It It is, however, more optimistic on its oil palm operations as it anticipates higher CPO prices and output of the commodity.
