Boustead Plantations earnings up five-fold


Boustead Plantations declared a fourth interim dividend of four sen per share, bringing the total payout to 8.35 sen for FY21.

PETALING JAYA: Boustead Plantations Bhd’s net profit jumped more than five-fold to RM241.93mil for the financial year ended Dec 31, 2021 (FY21) from RM42.95mil in FY20 on strong crude palm oil (CPO) prices.

During the year in review, revenue grew 38% to RM1.05bil, a record high since its listing in 2014, compared with RM763.05bil in FY20.

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