Blog: PLS Plantation - A Potential Boast in Earnings from Durian Theme supported by Chinese Firms?

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3 comment(s). Last comment by korek2 2019-04-28 13:43

Fish and Chips

888 posts

Posted by Fish and Chips > 2019-04-28 13:37 | Report Abuse

You think you plant durian today, tomrrow will bare fruit! PLS will incur losses in first few years!

ramada

3,955 posts

Posted by ramada > 2019-04-28 13:38 | Report Abuse

Now goreng-goreng only. If they can turn into positive earnings, then this is another story.

korek2

7 posts

Posted by korek2 > 2019-04-28 13:43 | Report Abuse

Fish and Chips, your statement was wrong.Please read this carefully. The profit contribution is immediate as they've acquired the durian company.

Shareholders at yesterday’s EGM granted approval for PLS Plantations to venture into durian plantations. The company will be buying a 70% stake in Dulai Fruits Enterprise Sdn Bhd, a downstream durian-based product exporter.

Lim said the group’s new durian plantation venture will see substantial growth. “From Dulai Fruits Enterprise, we already got RM3 million based on a profit guarantee [for FY20], so we expect that business to grow very fast. It is not concentrating at just one place; we are looking at the regional market to grow the business.

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