Boustead Plantations’ net profit surges to RM435mil in 1Q

KUALA LUMPUR: Boustead Plantations Bhd’s net profit surged to RM435.16mil in the first quarter ended March 31, against RM12.22mil a year ago on disposal gain and higher palm product price.

The planter recorded a pretax and zakat of RM509.5mil. This includes a gain on disposal of Kulai Young land of RM364.1mil.

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Boustead Plantations , CPO , FFB , palm oil , disposal


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