Boustead posts lower Q4 net profit


Malaysian palm oil futures declined on Tuesday evening as high end-stocks and sluggish demand dented sentiment but pared an earlier 1 percent drop

PETALING JAYA: Boustead Plantations Bhd’s net profit for the fourth quarter to Dec 31, 2017 dropped 27.54% to RM36.44mil mainly due to a gain on disposal of subsidiary of RM33.4mil in 2016. Its earnings per share was reduced from 3.14 sen to 2.28 sen.

Revenue, however, increased 10.94% to RM218.16mil.

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