Boustead Plantations stages turnaround in 3Q with RM17.9m net profit


KUALA LUMPUR: Boustead Plantations posted a net profit of RM17.97mil in the third quarter ended Sept 30,2020, a turnaround from a net loss of RM34.31mil a year ago, underpinned by the rebound in crude palm oil prices.

Announcing a strong set of financial results on Monday, it said revenue rose by 47.7% to RM205.68mil from RM139.24mil.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Property market recovery on the horizon
Meta projects higher spending, weaker revenue
Buyout proposal for Anglo American could reshape copper market
AI memory boom propels SK Hynix’s numbers
Congo accuses Apple of using ‘blood minerals’ from war-torn east
Airlines must now provide automatic refunds for cancelled flights
Ford profit up on sales of commercial vehicles
Wall St set to open lower as Meta Platforms, economic data weigh
Al-’Aqar REIT aims to acquire yield-accretive properties from KPJ Healthcare
Samenta wants micro enterprises to be exempted from e-invoicing

Others Also Read