JTIASA 4383 Share Price

The group’s pre-tax profit improved by 24% from RM166.7 million in the preceding year to RM206.5 million for the current financial year ended 30 June 2024 as a result of better profit margin from higher FFB, CPO, and PK production. In near future, the Group expects the average crude palm oil price to be supported and positively influenced by the stable soybean oil prices and anticipated increase in demand of CPO due to higher biodiesel blending mandate in Indonesia. The Group will continue to focus on enhancing productivity, stringent cost control, and sustainable resource management to ensure profitability.

The Group’s revenue was lower when compared to the immediate preceding quarter due to lower average selling price of CPO and PK by 28% and 33% respectively despite an increase in CPO and PK sales volume by 23% and 63% respectively. The operating profit and pre-tax profit for the current quarter were also affected by the slimmer profit margin as a result of lower average selling price of CPO and PK.

Current quarter’s revenue increased by 64% mainly as a result of 40% and 39% improvement in sales volume and average selling price of CPO respectively. The Group’s pre-tax profit was higher than the immediate preceding quarter by 99% due to better profit margin from higher average palm oil selling prices.

The Group delivered an improved performance, registering a Profit before Tax before Impairment loss of RM89.2million for the reporting year, a 393% improvement from a deficit of RM30.4 million in the previous year. The determining factor was mainly due to the encouraging CPO prices averaging for the year at considerably higher levels compared to the previous year. Going forward, the Group will continue with aggressive cost containment measures and explore more innovative
and sustainable approaches in its operations to drive greater cost efficiency and productivity, and remains optimistic for a favourable financial performance in the year ahead.

Sarawak’s production and exports of logs from planted forests have surged as the cultivated fast-growing commercial timber trees attain maturity after between 10 and 14 years. Jaya Tiasa Holdings Bhd,one of Sarawak’s top five timber groups, has forest plantation covering about 35,600ha.

The Group’s posted a revenue of RM144.6 million (31.12.2019: RM186.9 million) and LBT of RM45.3 million (31.12.2019: RM7.9 million) for current quarter. Lower Group’s revenue was generally attributed to 42% and 50% decrease in sales volume of CPO and PK respectively. Higher pre-tax loss was mainly due to lower FFB and CPO production volume had driven the average unit production cost of FFB and CPO up by 70% and 57% respectively; Increase in average unit production cost for log by 32% due to reduction in log production volume by 37%.

In Financial Year End 2019, the directors’ remuneration was 3.14 million. It was slightly low compared to average in listed companies, considering the employees’ remuneration of 122 million and auditor’s remuneration of 762 thousands