|
|
Article: TDM expects to profit from higher CPO prices this year
- Article from:
- New Straits Times
- Article date:
- June 1, 2009
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
New Straits Times
06-01-2009
TDM expects to profit from higher CPO prices this year
Edition: Main/Lifestyle
Section: Business Times
Type: Company
PLANTATION firm TDM Bhd has clarified that its pre-tax profit for fiscal year ending December 31 2009 will not drop 69 per cent to RM44 million from a year ago.
Its chief executive officer Badrul Hisham Mahari said that if crude palm oil (CPO) price were to hit RM1,700 a tonne, the worst- case scenario for the company would be a pre-tax profit of RM44 million.
However, TDM expects its 2009 pre-tax profit to be well above RM44 million, driven by higher CPO prices and fresh fruit bunch (FFB) production.
The average CPO market price announced by the ...
Related newspaper, magazine, and journal articles:
|
|
Article: High CPO prices put biodiesel boom out of reach
New Straits Times;
November 14, 2007 ;
507 words
... ... New Straits Times 11-14-2007 High CPO prices put biodiesel boom out of reach Byline ... based biodiesel because crude palm oil (CPO) prices too are climbing at an all-time high ... biodiesel. To become commercially viable, CPO prices, which at present are eyeing an all ...
|
|