Chin Teck doubles net profit in Q4 on higher CPO prices


KUALA LUMPUR: Chin Teck Plantations Bhd doubled its net profit in the last quarter ended Aug 31 and expects the strong palm oil selling prices to boost its performance in the coming financial year.

The average selling prices of crude palm oil has risen from around RM2,100 a tonne in May to above RM3,000 on Wednesday.

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Chin Teck Plantations , CPO , palm oil

   

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