Genting Plantations said its fresh fruit bunches (FFB) production in the most recent quarter was 2% lower y-o-y, due to production setbacks in Malaysia and mainly due to the compounded lagged effects of droughts in early 2019 and early 2020.
PETALING JAYA: Genting Plantations Bhd
reported a 30.2% year-on-year (y-o-y) decline in its first quarter ended March 31 net profit to RM63.73mil, while revenue for the quarter also fell y-o-y to RM536.58mil.
Basic earnings per share for the quarter was at 7.10 sen from 10.18 sen recorded in the same quarter a year ago.
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