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Re: TRCPA post# 46904

Monday, 07/14/2014 11:57:19 AM

Monday, July 14, 2014 11:57:19 AM

Post# of 53982
TR, whether or not QL is profitable was not my focus, my question was specific to something you highlighted regarding profitability of palm oil activities:

"After a long gestation period, QL is expecting its palm oil activities (POA) to break even in FY15 due to the increasing maturity of crops..."

I assume that so long as QL has a loss or breaks even, FASC will reap no financial benefits of the partnership? Admittedly I need to be refreshed regarding the terms of the deal that was entered into 6 years ago. Excluding machine sales, isn't FASC supposed to share in the profits of the joint venture?

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