BOUSTEAD Properties Bhd's just announced first-half net profit of RM42.5mil, when annualised, is in line with market expectations and consensus, said RHB Research.
An analyst with the research unit said that for the second quarter this year pre-tax profit declined 6.3% quarter-on-quarter (qoq) to RM27.8mil, dragged down by lower plantation profit (down 27.2%) owing to the billing of fertiliser cost in the quarter.
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