The plantation company announced a net profit of RM2.4mil for 1Q19, compared with RM7.2mil in the previous corresponding quarter. Consequently, its earnings per share slid to 0.79 sen from 2.34 sen previously. (The Cepatwawasan-Humana Education Resource Centre (Cherc) in Segaliud, Kinabatangan., in one of its oil palm plantations - Filepic)
PETALING JAYA: Cepatwawasan Group Bhd’s earnings fell 66.2% for the first quarter (1Q) ended March 31, 2019, due to lower palm oil prices.
The plantation company announced a net profit of RM2.4mil for 1Q19, compared with RM7.2mil in the previous corresponding quarter. Consequently, its earnings per share slid to 0.79 sen from 2.34 sen previously.
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