QL Resources wants to triple profit contribution from palm oil

SHAH ALAM: QL Resources Bhd wants to triple the profit contribution from its palm oil operations by 2015 as it is bullish about the long-term growth outlook for the commodity, a top executive said yesterday.

QL started planting on its 20,000ha of plantation land in Indonesia two years ago and was planning to build a new palm oil mill there in the next six months, managing director Chia Song Kun said in an interview.