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Tradewinds Q2 pre-tax profit at RM138.3m
by hlk Thu 18 Aug 2011, 22:11
Tradewinds Plantation Bhd's pre-tax profit for the second quarter ended June 30, 2011 rose to RM138.3 million from RM44.5
million in the same quarter last year.
Revenue jumped to RM335.8 million from RM193.4 million previously.
In a filing to Bursa Malaysia today, Tradewinds Plantation attributed the higher revenue to the increase in prices and production of palm products.
Based on the prevailing prices of palm products and the expected increase in production in the coming quarters, the company expected the results for the remaining quarters of the current financial year to remain satisfactory. -- Bernama
million in the same quarter last year.
Revenue jumped to RM335.8 million from RM193.4 million previously.
In a filing to Bursa Malaysia today, Tradewinds Plantation attributed the higher revenue to the increase in prices and production of palm products.
Based on the prevailing prices of palm products and the expected increase in production in the coming quarters, the company expected the results for the remaining quarters of the current financial year to remain satisfactory. -- Bernama
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