The plantation heavyweight said on Wednesday this was in contrast with the net losses of RM188mil a year ago. However, the third quarter performance reflected the steady improvement from the second quarter ended Dec 31, 2015 when it posted earnings of RM724.80mil.
In Q3, FY16, plantation profit fell 13% to RM166.3mil from a year ago due mainly to lower fresh fruit bunches (FFB) production which was mitigated by higher crude palm oil (CPO) and palm kernel (PK) prices realised. FFB production for Q3 FF16 fell 23% to 525,281 tonnes from 683,718 tonnes a year ago.
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