United Plantations posts higher profit in Q1, says outlook is difficult to predict

KUALA LUMPUR: United Plantations Bhd (UP) posted improved net profit driven by higher palm oil prices in the first quarter, but said its performance for the rest of the year is difficult to predict due to the novel coronavirus (Covid-19) havoc.

For the three months ended March 31, net profit jumped 21% to RM81.2mil.