IJM Plantations returns to the black in Q2

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.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

IJM Plantations , returns to the black , Bursa , FFB ,


Next In Business News

Kimlun unit bags construction contract worth RM237.63mil
US private payrolls beat expectations in May
Ringgit marginally lower amid economic uncertainties
Westports replaces Inari as FBM KLCI constituent
Bursa Malaysia ends lower on sluggish momentum
Bursa Malaysia closed on June 5 for King's birthday
Meta Bright proposes diversification into leasing of machineries, equipment
Velesto Energy secures RM50mil well-drilling contract
Heng Huat Resources changes name to HHRG
Oil rises on potential US rate hike pause, debt bill passing

Others Also Read