Strong CPO prices boost Boustead Plantations 1Q net profit


Boustead Plantations expects the current high crude palm oil (CPO) prices will contribute positively to the group’s earnings this year.

KUALA LUMPUR: Higher palm product prices saw Boustead Plantations Bhd posting net profit of RM12.22mil in the first quarter ended March 31,2021.

Announcing the stronger set of financial results on Tuesday, it expects the current high crude palm oil (CPO) prices will contribute positively to the group’s earnings this year.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Sunway Construction unit inks RM570mil data centre job in Johor
MMC Port, Nize Technology to develop transformation, smart port blueprint
Advancecon unit bags RM19.33mil earthworks job in Kuala Selangor
CTOS Digital units dispose of 26% stake in Experian Information Services for RM80mil
Binasat bags RM52.46mil contract from Lembaga Dius Api
Record-breaking RM3.2bil in sales
Gamuda secures new Aussie projects, taking order book to a record RM46bil
Japan's Nikkei ends at 3-week low on tech selloff over AI-business outlook
Bursa Malaysia erases earlier losses to end morning session higher
I-Bhd's first AI experience centre opens at i-City

Others Also Read