Chairman Tan Sri Megat Najmuddin Megat Khas said the group was able to mitigate the impact of various risks on the different segments of its business partly because of its presence along the full spectrum of the palm oil value chain.
KUALA LUMPUR: Sime Darby Plantation Bhd
saw its earnings surge by 1,300% to RM378mil in the second quarter ended June 30,2020 from RM27mil a year ago, boosted by stronger crude palm oil (CPO) and palm kernel (PK) prices realised.
The plantation giant said its revenue increased by 12.2% to RM3.21bil from RM2.86bil. Earnings per share were 5.50 sen compared with 0.4 sen previously.
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