United Plan­ta­tions Q2 pre-tax rises to RM142.7m

New Straits Times - - Business / News -

KUALA LUMPUR: United Plan­ta­tions Bhd’s pre-tax profit for the sec­ond quar­ter ended June 31 in­creased to RM142.56 mil­lion from RM86.98 mil­lion in the same pe­riod last year.

Rev­enue rose to RM355.26 mil­lion from RM277.73 mil­lion pre­vi­ously, it said.

United Plan­ta­tions said its plan­ta­tion divi­sion reg­is­tered a higher pre-tax profit of 41.8 per cent in the cur­rent quar­ter com­pared with the pre­vi­ous one, mainly due to a com­bi­na­tion of higher crude palm oil (CPO) pro­duc­tion and palm ker­nel, lower CPO pro­duc­tion cost and higher CPO av­er­age price. “CPO pro­duc­tion jumped 13 per cent in the cur­rent quar­ter com­pared with the pre­ced­ing quar­ter, while PK pro­duc­tion was 6.2 per cent higher. CPO pro­duc­tion cost was lower by 10.6 per cent in the cur­rent quar­ter while PK pro­duc­tion cost went up by 6.6 per cent.” Ber­nama

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