PETALING JAYA: United Plantations Bhd
recorded a 30% drop in net profit for the first quarter ended March 31, 2015 to RM61.15mil compared to the previous corresponding quarter a year ago due to lower crude palm oil and lower palm kernel prices as well as higher costs of production incurred.
In a filing with Bursa Malaysia, the company said revenue for the quarter fell to RM233.92mil from RM261.03mil previously.
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