Boustead Plantations posts net loss of RM22.24mil


PETALING JAYA: Declining palm product prices and lower production resulted in a RM22.24mil net loss for Boustead Plantations Bhd in its second quarter ended June 30, compared to a net profit of RM10.78mil in the previous corresponding quarter.

Revenue dropped 16% to RM141.75mil from RM169.49mil in the same quarter in 2017.

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Business , Boustead Plantations , palm oil

   

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