Jaya Tiasa Holdings Berhad Reports Earnings Results for the Fourth Quarter Ended June 30, 2023

Jaya Tiasa Holdings Berhad is a Malaysia-based company that is engaged in investment holding, provision of management services, extraction, and sale of logs. The Company's segments include Oil Palm, Timber, and Others. The Oil Palm segment is engaged in the development of oil palm plantations. The Others segment comprises the provision of air transportation services, fabrication and workshop services, and investment holding. Its Forest plantation division is managing a total reforestation area of about 120,395 hectares (ha). It manufactures and distributes a range of timber products, including round logs, plywood, sawn timber, and rotary veneer. It has a land bank of approximately 83,483 ha in the state of Sarawak, Malaysia with a total planted and area of 69,589 ha spreading over ten plantations in Sarawak. It owns about four crude palm oil (CPO) mills, with a total combined processing capacity of about 1,782,000 metric tons (MT) of fresh fruit bunch (FFB) per annum.