But we all know the March qtr should be the record profits for most planters somehow this cukai makmur has come to play this year so your prosperity could also be greatly reduced the fear is that it would not just stop there!
Taann's associate company, Swkpltn declared the average realised CPO price (FY 2021 was $4,389) which has been in line with the spot month prices. I must note that Swkplant is managed by Taann and therefore safe to take that same policy apply. Taann's qtrly profit growth for the plantation segment is in line with the CPO trend.
TAANN Share Price, Ta Ann Holdings Berhad, together with its subsidiaries, is engaged in the manufacture and sale of sawn timber and other timber products that include veneer, plywood, coated plywood, laminated veneer lumber and pachinko plywood, sawn timber, and laminated molding products. It also engages in the development of tree plantations; the production and commercial supply of seeds.
CPO average selling price was at RM2,268/tonne (-21% on-year), or 2% below its estimate of RM2,305/tonne. “For the short and medium term, Ta Ann’s growth prospects remain tied in with CPO prices, while its timber operations would continue to be hampered by its Tasmanian woes. “Ta Ann still has 7,100ha of plantable landbank (with 1,600ha.
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