PETALING JAYA: Genting Plantations Bhd
’s net profit for the first quarter of 2013 fell 44% to RM44mil from RM78.7mil a year ago, due to the effects of lower palm product selling prices and a RM31mil contribution for charity purposes.
However, its revenue for the quarter has increased by 26% to RM343mil from RM272.6mil a year ago, notably due to stronger sales in its property segment. Earnings per share were lower at 5.8 sen versus 10.38 sen a year ago.
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