In an annual general meeting statement to shareholders,
"The board remains cautious but expects profitability and cash flow to remain in line with management forecasts for the remainder of 2014," the company said in a statement.
Fresh fruit bunches are the raw palm fruit processed to produce palm oil.
Fresh fruit bunches bought in was 194,600 tonnes, significantly higher than the 98,800 tonnes bought in for the same period last year.
Total crude palm oil produced was 89,200 tonnes it said, 38% higher than the 64,600 tonnes recorded a year earlier, which it said was due to higher volume of fresh fruit bunches processed by the five mills.
"We anticipate that the crude palm oil price will remain generally stable due to the increase in demand from biodiesel and modest levels of industry output," the company said.
"The villagers are asking for compensation beyond what the group considered fair and reasonable resulting in protracted negotiations," the company said in a statement.
The group also said that the earthworks for construction of the mill in
The group said its balance sheet remains strong, and it continues to achieve positive cash flow generation.
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