KUALA TERENGGANU: Central Terengganu Development Authority (Ketengah) registered 34 million profits last year, registering a slight drop following the drop in palm and palm kernal oil.
Its general manager Datuk Wan Mat Amin Wan Daud said Ketengah Holding Sdn Bhd a major stakeholder in 10 subsidiaries contributed RM21.54 million profits.
Of the 10 subsidiaries, Ketengah Perwira Sdn Bhd contributed RM11.58 million followed by Ladang Ketengah Jaya RM 10.25 million and YIT Ketengah Perwira RM4.25 million.
"The plantation sector is still the biggest contributor to the company's revenue while the refining sector came second contributing RM4.1 million," he said yesterday.
He said Ketengah had undertaken measures to overcome to drop in profits from the plantation sector by divesting more of its resources to into the tourism sector, focussing on the development of the duty free area and other facilities.
"We will soon open the water theme park at Pulau Poh and we expect this new attraction to draw more visitors to Tasik Kenyir," he said, adding that last year more than 625,000 visitors to the lake were registered.
In addition, Ketengah through Ketengah Holding would also participate strongly in the property development sector, particularly mixed development projects in Bandar Al Muktafi Billah Shah.