Chin Teck Plantations Bhd, whose mainstay is in the cultivation and processing of palm oil and other related products, produced an impressive set of results for the company's first financial quarter ended Nov 30 last year.
For the first financial quarter ended Nov 30 last year, the company's net profit soared to RM9.61 million on the back of a RM23.43 million turnover, compared to RM4.81 million on a RM15.94 million turnover for the corresponding period the preceding year. The increase was attributed to the higher crude palm oil prices.