Dismal results of oil palm business pull down Jaya Tiasa’s profit


KUCHING: Jaya Tiasa Holdings Bhd’s group profit has nosedived, dragged down by the dismal results of its oil palm business.

For the financial year ended June 30, its group pre-tax profit plunged to RM31.9mil from RM181.1mil a year earlier or down by 82% despite a slight increase in group revenue to RM1.05bil from RM1.04bil.

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Business , jaya tiasa

   

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