TH Plantations Bhd saw its pre-tax profit for the year ended Dec 31, 2010 doubling to RM144.552 million from RM70.912 million previously.

This was mainly due to higher commodity prices and lower operating cost, it said in a filing to Bursa Malaysia today.

Revenue was 20 per cent higher at RM365.97 million from RM304.36 million the previous year.

For the last quarter ended Dec 31, 2010, pre-tax profit rose 112 per cent to RM70.15 million compared with RM33.15 million in the same quarter of 2009.

The company directors have recommended a final dividend of 12.50 sen per share for the year. -- BERNAMA