Saturday, May 11, 2013

TDM eyes higher profit this year


KEMAMAN: TDM Bhd (TDM) expects to record a higher profit this year, contributed by its healthcare segment and its oil palm
plantation arm.

Chairman Datuk Roslan Awang Chik said of its 40,000 ha landbank in Kalimantan, Indonesia, 11,000 ha of planted area is expected to mature next year, and TDM is building a RM80 million palm oil mill there.

TDM expects its 30,000 ha oil palm plantation in Terengganu to also contribute to the profit.

"We also expect profit to come from our four healthcare centres, which are operating here and in Kuantan and Kuala Lumpur," he told Bernama when met at the handing over of house keys to TDM staff at Kompleks TDMB in Padang Kubu here.

Roslan said last year the company posted a profit for the third year in a row of RM149 million, compared to RM220.6 million in 2011 and RM197 million in 2010.-- Bernama