It expects more than triple contribution from its plantation division to about 50% of total revenue by 2017 from 15% currently (Feb 2014), as its oil palm plantations reach maturity.
The Kajang based property developer which ventured into the palm oil business some five years ago is expecting all of its 14400ha of planted oil palm trees in Indonesia to be mature and able to achieve fresh fruit bunch yields of up to 30 tones per hectare per year.
Expect substantial contribution in terms of revenue from the plantation division by 2017 when all of the planted trees reach their peak from seven years oil.
Apart from the plantation segment, MKH’ core business is also set to expand as the group looks to increase the land bank.
Both the plantation and property will be its core business in its future growth.
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