PLANTATION giant Kumpulan Guthrie Bhd has been rewarding its shareholders with reasonable dividends despite being saddled with underlying issues pertaining to the stability of its investments in the 215,000ha Minamas plantations in Indonesia and huge borrowings of about RM2.7bil.
Somewhat blessed with firm crude palm oil (CPO) prices last year and optimism of a better price outlook this year, and with its Indonesian plantations expected to contribute significantly to future earnings, Guthrie is well on the road to being on a firmer financial footing.
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