Business

Genting Plantations Q1 net profit drops to RM42mil

By Daljit Dhesi
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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Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

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