Similar to JTiasa, dragged by Timber segment. But Ta Ann STILL better than JTiasa. Read deeper into the Notes to the financial statements, 2015 earnings were boosted by impairment write back i.e. an extraordinary item.
for sharing TAAN output in comparison to last quarter: timber drop by 24%, FFB drop by 10%, cpo drop by 11%, PKO drop by 8%. Estimate quarter result at least drop by 15%
Higher revenue contribution is anticipated from the palm oil sector with the increase in FFB production from growth of matured palms and forward sales of CPO at favourable prices for remainder of FY2017. The timber division will be impacted by lower logs production and premium increment in second half 2017. However, this would be mitigated by higher selling prices for export logs. Pick up in demand of plywood products for construction activities related to the Tokyo Olympics 2020 is expected. Barring unforeseen circumstances, the directors are confident of a satisfactory performance for year 2017.
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wjboyz
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Posted by wjboyz > 2017-02-24 10:17 | Report Abuse
u guys know how much it will drop until?