Guan Chong Bhd expects to register higher revenue and profit in financial year 2011 with its further expansion into the Indonesian market.

The cocoa manufacturer said its facility in Batam, which is set to be operational in first quarter 2011, will initially add another 50,000 metric tonne capacity to its entire operations.
Managing director and chief executive officer Tay Hoe Lian said the strong demand for cocoa products globally had resulted in its production capacity fully booked till early next year.
We are optimistic that the increased capacity would bring about a higher level of revenue and profit going forward, he said in a statement today.

Guan Chong announced a pre-tax profit of RM83.2 million during its nine-month 2010 period, up from RM15.7 million in same period last year.

Revenue rose to RM836 million from RM425 million previously.
Guan Chong attributed the positive results to better selling prices and increased demand for its cocoa ingredients as a result of the global economic recovery. -- Bernama