This article first appeared in The Edge Financial Daily, on April 13, 2016.

KUALA LUMPUR: TH Plantations Bhd, which is 72% controlled by Lembaga Tabung Haji, has revealed a lower set of targeted key performance indicators for the financial year ending Dec 31, 2016 (FY16).

In a filing with Bursa Malaysia yesterday, TH Plantations said it is setting its targeted fresh fruit bunch yield for FY16 at 20.32 tonnes per hectare (mt/ha), which is lower than its FY15 target of 21.15 mt/ha.

The group has also set a lower return on equity target of 3.33% in FY16, as compared to 5.5% in FY15.

Nevertheless, it will maintain its dividend policy to distribute approximately 50% of net profit to its shareholders.