Ta Ann Holdings Bhd recorded lower revenue as its logging segment suffered losses in the first quarter of 2025 (1QFY25), declining from RM41.8 million to RM40 million.
The segment recorded a loss of RM5.2 million, a 4.3% decline, for the fourth consecutive quarter.
The company's sales increased to RM407 million from RM352 million, supported by profits from plantation sales but offset by weak log sales.
Log revenue fell 52% to RM28.6 million after sales fell 53% to RM7.5 million, while plywood sales almost halved to RM21.7 million as logging activities were affected by bad weather.
The export price of logwood in 1QFY25 jumped from $223 to $225 per cubic meter, while plywood prices also fell from $530 to $471.
Furthermore, the average crude palm oil (CPO) price for 1QFY25 increased to RM4,825 from RM3,884 per metric tonne (MT).
Ta Ann’s fresh fruit bunch (FB) production for 1QFY25 increased by 7.6 percent to 136,800 MT and oil extraction rate (OER) decreased from 19.67% to 19.26%.
Furthermore, its subsidiary, Sarawak Plantation Bhd and its joint venture refinery also increased by 15.5% to RM7.6 million.
In short, the organisation remains optimistic by targeting a log production of 94% with a capacity of 180,000 cubic metres.
