COCOA-DERIVED food ingredient maker Guan Chong Bhd is targeting to achieve higher revenue of RM394.7mil in its financial year to Dec 31, thanks to improved cocoa powder and value-added product sales.
Chief executive officer Brandon Tay Hoe Lian said the company had projected lower revenue of RM335.1mil for the 2004 fiscal year owing to longer gestation period required to produce a wider range of cocoa powder and value-added products.
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