PETALING JAYA: United Plantations Bhd (UP) has posted a 63% rise in net profit to RM123.59mil for the second quarter ended June 30 from RM75.94mil previously, thanks to higher palm oil production and selling prices.
Despite the movement control order (MCO) that started from March 18, the oil palm plantation group saw its revenue for the quarter jumping 8.8% to RM294.32mil compared to RM270.53mil previously.
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