Higher CPO prices push up Boustead Plantations' profit

Positive outlook: Boustead Plantations says prospects are positive as CPO prices are expected to remain high for the first quarter of 2017.

PETALING JAYA: Boustead Plantations Bhd turned in a net profit of RM50.29mil for the fourth quarter ended Dec 31 from a net loss of RM975,000 a year ago.

This was achieved on better palm product prices that compensated for the shortfalls in fresh fruit bunch (FFB) production.