Ta Ann Holdings Bhd's pre-tax profit for the fourth quarter ended Dec 31, 2010 rose by 81 per cent to RM41.33 million from RM22.82 million in the corresponding quarter of 2009.

Revenue increased by 15 per cent to RM220.19 million from RM191.10 million previously, its said in a filing to Bursa Malaysia today.

'Revenue contribution from timber sector remained at the same level, but increased production of fresh fruit bunches from the growing matured oil palms and sales of crude palm oil at higher prices accounted for the higher revenue and better profit,' it said.

It said the oil palm sector was expected to continue its strong contribution to group's revenue and profit this year as more oil palms become mature. -- BERNAMA