PT Resources managing director Heng Chang Hooi
KUALA LUMPUR: PT Resources Bhd is optimistic on the company's future as it expand across Southeast Asia including China, according to managing director Heng Chang Hooi.
“We are eyeing a huge demand in China’s ready-to-eat or ready-to-cook industry. By leveraging the Company’s core business, we have been supplying significant quantities of raw materials to the ready-to-eat or ready-to-cook industry including food production companies in China.
“Consequently, we are optimistic on the company's future as we expand across Southeast Asia including China. In addition, we are planning to diversify our seafood variety as well as other products through sourcing supply from Indonesia through our newly incorporated subsidiaries, namely PT MCI International Indonesia and PT Resources International Group,” he said in a statement.
“The Company is also aware of the impact to seafood industry from the eventual release of wastewater from Fukushima, Japan and is prepared for it through contingency plans,” Heng said.
PT is a processor and trader of frozen seafood products, and trader of other food products.
In the fourth quarter ended April 30, PT Resources posted a net profit of RM18.6mil, up from RM4.22mil in the corresponding quarter last year.
Its revenue more than doubled to RM146.5mil from RM73.7mil while earnings per share rose to 3.48 sen against 1.06 sen.
For the full year, it posted a net profit of RM36.5mil on revenue of RM502.6mil.
