KUALA LUMPUR: TH PLANTATION []s Bhd targets to increase its land bank to 50,000 hectares from 39,113 ha by 2012, a company official said.
TH Plantations plans to acquire the first "substantial parcel" by the end of June and are looking at Sumatera and Kalimantan where land prices are said to be lower compared to Sabah and Sarawak.
A total of RM150 million has been allocated this year to build a palm oil mill in Sarawak and the company's replanting programme.
The company said revenue for FY2011 could rise 14.8% to RM420 million from RM365.97 million last year if the price of crude palm oil averages between RM3,400 and RM3,500 for 2011.
The company's revenue jumped 20% last year, attributed to aggressive selling at immediate spot prices in 2Q2010 and 3Q2010, when the company simultaneously relaxed its forward and long-term pricing strategy.
TH Plantations plans to acquire the first "substantial parcel" by the end of June and are looking at Sumatera and Kalimantan where land prices are said to be lower compared to Sabah and Sarawak.
A total of RM150 million has been allocated this year to build a palm oil mill in Sarawak and the company's replanting programme.
The company said revenue for FY2011 could rise 14.8% to RM420 million from RM365.97 million last year if the price of crude palm oil averages between RM3,400 and RM3,500 for 2011.
The company's revenue jumped 20% last year, attributed to aggressive selling at immediate spot prices in 2Q2010 and 3Q2010, when the company simultaneously relaxed its forward and long-term pricing strategy.
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