However, analysts expect the group to post stronger earnings in FY21, to be driven mainly by the uptrend in CPO prices, which will be a boon for its plantation segment.(File pic shows a part of aTa Ann Palm oil mill in Sarawak.)
PETALING JAYA: Ta Ann Holdings Bhd
is reaping the fruits of the rise in crude palm oil prices (CPO).
The fortunes offsetted losses in its plywood business in financial year 2020 (FY20), which came as a result of weak average selling prices (ASPs) of products and higher raw material costs.
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