Weak CPO price dents earnings

Limited upside: A significant increase in near-term CPO price will be limited due to higher inventory level resulting from the seasonal high crop production.

PETALING JAYA: The weaker price of crude palm oil (CPO) is making a huge dent on timber companies’ earnings.

WTK Holdings Bhd, Jaya Tiasa Holdings Bhd and Ta Ann Holdings Bhd reported sharp falls in net profits for the quarter ended March 31, 2015 on lower contributions from their plantation divisions.