Ketengah Holdings posts RM34m pre-tax profit in 2014
Published on: Monday, July 06, 2015
Terengganu: Ketengah Holdings Sdn Bhd has posted a lower overall pre-tax profit of RM34.02 million last year against RM45.34 million in 2013. General manager Datuk Wan Mat Amin Wan Daud said the decline was due to fluctuating crude palm oil price and falling palm kernel price. "However, these factors did not dampen the overall operations of Ketengah Holdings' subsidiaries," he said after the breaking of fast with the media hosted by Ketengah here Saturday night. ADVERTISEMENT Ketengah has 10 subsidiaries, three joint venture companies and three associated companies involved in the plantation, trading, construction, quarrying, manufacturing, and palm oil processing industries. Zakaria said the biggest slice of the profit came from the plantation sector through Ketengah Perwira Sdn Bhd (RM11.58 million), Ladang Ketengah Jaya (RM10.24 million) and YIT Ketengah Perwira (RM4.25 million), followed by the manufacturing sector through Kilang Sawit Panji Alam (RM4.08 million). In order to keep in step with the changes, Wan Mat Amin said Ketengah Holdings has intensified efforts to move into other areas, especially the construction sector. Stay up-to-date by following Daily Express’s Telegram channel.
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He said Ketengah Properties, a unit under Ketengah Holdings was involved in two mixed development projects, namely in Bandar Al-Muktaffi Billah Shah, Dungun (on a 9.3-hectare site) and in Bandar Baharu Cheneh, Kemaman (on a 10.6-hectare site). ADVERTISEMENT "The involvement in various sectors will not only enable us to increase our profit in future, but also prevent us from becoming too dependent on the plantation and manufacturing sectors," he said, adding that this could help stave off the effects of uncertainty in palm oil prices. – Bernama