Higher CPO prices bring cheer for Boustead

Boustead Group expects profitability for remainder of this year

RIDING high on favourable market conditions, Boustead Plantations Bhd is banking on improved CPO prices for its current financial year ending Dec 31, 2020 (FY20).

The group expects profitability for the remainder of this year to be driven by its higher fresh fruit bunches (FFB) production, improved CPO selling prices as well as an ongoing transformation programme.