Genting Plantations Q3 net profit rises

Company buoyed by palm product prices

KUALA LUMPUR: Genting Plantations Bhd’s net profit for its third quarter ended Sept 30, 2021, surged to RM102.22mil from RM61.38mil in the previous corresponding period, while revenue increased to RM732.82mil from RM645.56mil a year earlier.

In a filing with Bursa Malaysia yesterday, Genting Plantations said earnings were buoyed by the stronger performance of the plantation segment, underpinned by a notable increase in palm product prices.