Our Business

Business Overview

The Group is principally involved in cultivation of oil palm, processing of Fresh Fruits Bunches (“FFB”) to produce crude palm oil (“CPO”) and palm kernel (“PK”). The Group is presently undertaking planting and development on 22,763 hectares of land of which approximately 12,246 hectares are suitable for oil palm planting. Plantation operation is organised under six (6) estates, namely Imbak, Gunung Rara, Labau, Maliau, Lokan and Luasong estates and one (1) palm oil mill with capacity of 60/90 MT FFB per hour. All are located in the locality of Gunung Rara/Kalabakan, Sabah.

The Group has obtained its Malaysian Sustainable Palm Oil (“MSPO”) certification on 21 June 2019. The Group is also a member of the Roundtable for Sustainable Palm Oil (“RSPO”) and is committed to becoming an environmental and community friendly organisation.

Plantation Operations

Area statement

2022 (Ha) 2021 (Ha) 2020 (Ha) 2019 (Ha) 2018 (Ha)
Oil Palm
Mature
11,985
11,599
11,505
11,260
11,074
Immature
261
659
753
948
916
Total
12,246
12,258
12,258
12,208
11,990
Laran Tree
Planted
2,095
1,404
568
-
-
Total
2,095
1,404
568
-
-
Others
8,422
9,101
9,937
10,555
10,773
Total Area
22,763
22,763
22,763
22,763
22,763

Oil Palm Maturity Profile

Imbak Estate (Ha) Labau Estate (Ha) Maliau Estate (Ha) Lokan Estate (Ha) Luasong Estate (Ha) Gunung Rara Estate (Ha) Total (Ha)
Immature
6
40
159
56
261
Young Mature
138
116
135
394
153
936
Prime Mature
1,665
2,155
1,957
1,747
2,062
1,463
11,049
TOTAL
1,809
2,311
2,092
2,300
2,271
1,463
12,246

Palm Oil Mill Operations

The Group operates a 60/90 MT FFB per hour palm oil mill which commenced commercial operation on 17 December 2014.

Mill processing statistics

2022 2021 2020 2019 2018
FFB Processed (MT)
245,032
240,501
241,106
229,918
208,021
Mill Production (MT)
- CPO
48,196
48,765
52,083
52,394
46,542
- PK
8,126
7,441
7,701
8,016
7,317
Extraction Rates (%)
- CPO
19.67
20.28
21.60
22.79
22.37
- PK
3.32
3.09
3.19
3.49
3.52
Average Selling Price (RM/MT):
- CPO
4,968
4,374
2,702
2,086
2,177
- PK
3,129
2,835
1,518
1,183
1,714
Sales Volume (MT)
- CPO
48,838
47,625
52,920
51,940
46,328
- PK
8,091
7,390
7,773
7,962
7,304