Hap Seng Plantations second-quarter net profit up

The group’s earnings growth was mainly attributable to higher average selling prices of crude palm oil (CPO) and palm kernel (PK), it said in its exchange filing.

PETALING JAYA: Hap Seng Plantations Holdings Bhd’s net profit rose 38.3% to RM47.42mil for the second quarter (Q2) ended June 30, 2021 from RM34.28mil in the corresponding quarter last year.

The group’s earnings growth was mainly attributable to higher average selling prices of crude palm oil (CPO) and palm kernel (PK), it said in its exchange filing.