The planter reported a 41.8% y-o-y increase in revenue to RM299.78mil due to higher commodity prices while its fresh fruit bunch (FFB) production was higher compared to in the comparative quarter mainly due to a recovery in the FFB production of the Indonesia operations.
PETALING JAYA: IJM Plantations Bhd swung to the black on a year-on-year (y-o-y) basis with a net profit of RM101.04mil in the second quarter of its financial year ended Sept 30, 2021, as compared to a net loss of RM1.04mil in the year-ago quarter.
In a filing with Bursa Malaysia, it said earnings per share came to 11.47 sen compared to a loss per share of 0.12 sen in the previous corresponding quarter.
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