Ta Ann ops not severely impacted by Covid-19

TheStar Wed, Aug 05, 2020 10:00am - 3 years View Original


Amar Abdul Hamed sepawi is also optimistic that the crude palm oil (CPO) price sould “hold steady or possibly improve further towards the end of the year”

SIBU: Ta Ann Holdings Bhd’s business operations have not been severely impacted by the Covid-19 pandemic, says executive chairman Datuk Amar Abdul Hamed Sepawi.

He noted that the group’s core timber and oil palm businesses were still operating during the movement restriction control period.

Hamed said in a statement released after Ta Ann’s AGM yesterday that despite the adverse economic conditions, the group declared a net profit of RM70.26mil and an interim single-tier dividend of RM0.05 per share for the financial year 2019 (FY19).

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