Boustead posts big jump in profit to RM41mil

Lodin: ‘Our six divisions are focused on tightening operational efficiencies and enhancing organic growth with a view to deliver on the bottom line.’

PETALING JAYA: Boustead Holdings Bhd recorded RM40.9mil in profit after tax for the first quarter, a substantial jump from RM9.5mil in the previous year’s corresponding quarter mainly supported by its plantation business.

The plantations-to-financial services conglomerate also saw its revenue increase to RM2.37bil against 1.86bil in the corresponding quarter last year.