PETALING JAYA: United Plantations Bhd
’s net profit grew 35.8% to RM87.75mil for the first quarter ended March 31, 2014 from RM64.6mil in the previous corresponding period on higher crude palm oil (CPO) production and higher selling prices of CPO and palm kernels.
In its filing with Bursa Malaysia, the plantations company said improved margins in some of its niche products as well as unrealised foreign exchange gain from Indonesian rupiah loans also contributed to the group’s net profit growth during the quarter in review.
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