Timber group JAYA TIASA HOLDINGS has just completed itsFYE Apr 30, 2008 during which earnings could come in at half of that for FY07.
There is anticipation that its earnings in the current financial year (FY2009) could replicate that of FY07, which was a fairly good year for the log and plywood market.
In FY07, the group earned a net profit of RM121.9m, or EPS of 47.5 sen, close to TA ANN HOLDINGS Net Profit of RM130.4mfor the FYE Dec 31, 2006.
In the timber industry, TA ANN is the most widely followed by fund managers, having been consistent in its investor relations.