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.
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