MAJOR plantation group PPB Oil Palms Bhd has recorded an almost four-fold increase in group pre-tax profit to RM168.6mil for its financial year ended Dec 31, 2002, from RM47.2mil a year earlier, in line with the strong results reported by plantation companies recently.
Thanks to higher production of fresh fruit bunches (FFBs), oil extraction rates and palm prices, group turnover rose by 69% to RM404.6mil from RM239.4mil the year before.
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