Ta Ann boosts profit on higher oil palm output, forex gains

Oil palm segment contributed more than twice as much pre-tax profit in Q3 compared with the first two quarters combined. The photo shows the harvesting platform at a Ta Ann plantation.

KUALA LUMPUR: Ta Ann Holdings Bhd posted better third-quarter and year-to-date earnings, thanks to a much higher oil palm contribution and favourable exchange rates boosting prices of exported logs and plywood.