Matang Publishes 2026 Annual Report
Bitget2026/10/29 00:05- Matang's annual report showed weaker performance for the year ended June 30, 2026, driven by lower palm output and durian sales.
- Fresh fruit bunch production fell 14.8% as adverse weather, aging palms, replanting and labor constraints weighed on output.
- Durian operations faced sharply lower selling prices and production, despite an initial contribution from the newly acquired Tangkak Estate.
- The Tangkak acquisition expanded the durian plantation portfolio, while oil palm replanting covered 66 hectares.
- No bank borrowings or debt securities remained outstanding, preserving financial flexibility despite weaker earnings.
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