Group managing director Mohamad Helmy Othman Basha (pic) said despite the challenges posed by the pandemic on global markets, CPO prices continued to be supported in the second half of the year while palm oil demand has improved and is expected to grow further in 2021.
KUALA LUMPUR: Sime Darby Plantation Bhd
posted a net profit of RM190mil in the third quarter ended Sept 30, against a net loss of RM243mil in the same period last year.
The planter saw its revenue rose to RM3.18bil from RM2.82bil a year ago. Its earnings per share (EPS) in the third quarter stood at 1.54 sen versus 1.07 sen in the same quarter last year.
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