Ta Ann posts higher earnings as timber division returns to profit
KUCHING (Nov 26): Ta Ann Holdings Bhd (Ta Ann) posted a core profit of RM168 million for the first nine months of FY2025 (9MFY25), marking a 3.8 per cent year-on-year (yoy) increase that beat both analysts’ and market expectations. Public Investment Bank Bhd (PublicInvest Research) noted that the oil palm division remained the main earnings driver, while the timber segment returned to the black. Core profit for the third quarter (3QFY25) rose 2 per cent yoy to RM74 million, supported by improved timber performance despite weaker contributions from palm oil. Palm oil earnings slipped 5.2 per cent yoy, while earnings […]