Genting Plantations Q1 net profit drops to RM42mil


  • Business
  • Saturday, 25 May 2019

Shares in IJM Plantations Bhd and Genting Plantations Bhd(pic) rose 13 sen and 12 sen to RM1.60 an RM10.12, respectively.

KUALA LUMPUR: Genting Plantations Bhd posted a lower net profit of RM41.68mil in the first quarter (Q1) ended March 31, 2019 compared with RM100.98mil a year ago on the back of higher revenue during the period.

Revenue for the quarter under review stood at RM622mil, representing an 18% increase from the previous corresponding period.

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