Terengganu investment arm targets RM62mil profit

The plantation cluster involving TDM Bhd and Ladang Rakyat Terengganu Sdn Bhd also recorded profits of RM40.1mil in the first quarter of this year.

KUALA TERENGGANU: Terengganu’s state-owned investment holding company Terengganu Incorporated Sdn Bhd (Terengganu Inc) is targeting a pre-tax profit of RM61.5mil this year on a projected revenue of RM1.67bil.

President and executive director Burhanuddin Hilmi Mohamed @ Harun said the target was realistic based on the revenue of RM1.2bil recorded last year due to the positive economic growth momentum.