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Guan Chong on the up

This article was originally published in The Public Ledger

MALAYSIAN cocoa maker Guan Chong expects a new facility in Batam, Indonesia to come on line in the first quarter and boost both its revenue and profit by lifting sales there. Guan Chong saw a pre-tax profit of M$83.2m (US$26.5m) in the first nine months of this year from M$15.7m a year earlier, while revenue basically doubled to M$836m as prices and demand climbed because of economic recovery.

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