Timber and oil palm boost Ta Ann profit


Ta Ann Holdings Bhd mill.

KUCHING: A strong performance by both the timber and oil palm business has bolstered Ta Ann Holdings Bhd’s earnings last year.

For the financial year ended Dec 31, 2014 (FY14), Ta Ann group’s net profit soared by 34% to RM124.5mil from RM92.8mil in FY13 in line with a 33% growth in revenue to RM1.02bil from RM770mil. Earnings per share rose to 33 sen from 25 sen.

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