Ta Ann posts more than two-fold rise in Q3 profit

The company, which is a timber and oil palm plantation firm, said it is expecting a record profit for FY21 barring any unforeseen circumstances.(File pic shows a Ta Ann palm oil refinery)

PETALING JAYA: Ta Ann Holdings Bhd’s net profit rose by more than two times in its third quarter ended Sept 30, 2021 (Q3) boosted by higher product prices such as crude palm oil (CPO).

Its net profit for Q3 rose to RM103.3mil from RM42.8mil in the same quarter a year ago while revenue rose by 37.8% to RM486.9mil for the quarter under review.