Car parts maker Delloyd Ventures Bhd expects to record 20% growth in both bottomline and topline for its financial year ending March 31, 2012. Managing director Datuk Seri Tee Boon Kee said the expansion will be driven by its plantation and automotive businesses. The group sees a better contribution from the plantation segment and they are expecting to balance the contribution equally in the coming years. Currently, the company has a total of 15,871ha of oil palm plantations, comprising 1,449ha plantation in Sungai Rambai, Batang Berjuntai in Kuala Selangor and 14,422ha in Pulau Belitung, Indonesia. The group’s plantation revenue has risen close to 90% from RM43.8m in 2009 to RM82.8m in 2011. However, he said the automotive components segment remains as the group’s major revenue and profit. The automotive sector contributes about 70% to the group’s earnings. On its operations in Thailand, Tee said the company expects it to start contributing to profits next year. (Business Times)
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