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.

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