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Cocoa processor Guan Chong Bhd's earnings rose 5.6% to RM27.41mil in the third quarter ended Sept 30, 2012 from RM25.94mil a year ago, supported by a 5.9% increase in sales volume and improved profit margin.
Kenanga Research expects Guan Chong Bhd, a cocoa processing company, to record a higher sales volume in its business next year despite depressed cocoa prices which dampened the industry outlook.
KUALA LUMPUR: Guan Chong Bhd expects the uncertainties in the global cocoa markets, which have affected the industry and prices, to be over in end-2013.
PETALING JAYA: Cocoa processor Guan Chong Bhd expects the volatile global cocoa prices arising from lower demand and overcapacity to be over by the end of the year.