Hap Seng records net profit of RM50.3mil in 3Q

KUALA LUMPUR: With one more quarter left to go, Hap Seng Consolidated Bhd is cautiously optimistic of a satisfactory result for the current financial year.

For the coming months, the conglomerate said palm oil inventories are expected to remain high as lower demand is expected from major palm oil importers, India and China, due to high inventories and competition from rival edible oils.