KUALA LUMPUR: Plantation-based Cepatwawasan Group Bhd’s net profit rose by 49.7% to RM9.47mil in the second quarter ended June 30, 2021 from RM4.76mil a year ago due to the record palm oil high prices.
In a filing with Bursa Malaysia on Wednesday, it said the higher earnings were mainly due to higher average selling price of crude palm oil (CPO) by 83% and higher average selling prices of palm kernel (PK), fresh fruit bunches (FFB) and empty fruit bunches (EFB) oil by about two-fold.
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