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Article: Advance Agro sees 7pc Malaysian sales growth
- Article from:
- The Malay Mail
- Article date:
- August 9, 2004
- Author:
CopyrightCopyright 2004 The Malay Mail. Provided by ProQuest LLC. (Hide copyright information)
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BANGKOK: Advance Agro pcl, Thailand's biggest publicly-traded
paper maker, expects its Malaysian sales to grow by as much 7 per
cent this year, said its executive vice president, Charnvit
Jarusombathi.
"Last year, sales in Malaysia were RM200 million ... we are
optimistic of improving on that figure," said Charnvit in his office
in the outskirts of Bangkok.
In ringgit terms, the Thai entity at the group level had posted
sales of RM1.62 billion, while net income was RM137 million for the
financial year ended Dec 31 2003, data obtained from Bloomberg
showed.
A 7 per cent growth in sales should match Malaysia's US$103
billion (US$1 = RM3.80) economy's expected growth rate of between 6
per cent ...