Boustead Plantations net profit jumps to RM595mil on higher CPO prices, gains from land disposals


KUALA LUMPUR: Boustead Plantations Bhd’s (BPB) net profit surged to RM595.31 million for the financial year 2022 (FY2022) from RM241.29 million a year earlier as it benefited from higher crude palm oil (CPO) prices and gains from land disposals.

The company told the stock exchange it registered record-breaking revenue of RM1.18 billion, an increase from RM1.05 billion gained in FY2021 and the highest since its listing in 2014.

Subscribe now and receive free sooka plan for 1 month. T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Boustead Plantation , CPO , Fahmy Ismail , ESG , dividend

Next In Business News

Solidifying liquidity or cash buffer?
NYC tower lets tenants rise
Thai property sector on uneven ground
Sarawak gas deal under scrutiny
Dear Global South, you’re up
Data centre growth faces bottlenecks
Looser US leverage rules may lift Treasury
From pianist dreams to culinary success
Scents with meaning
Should banks step in to rescue Sapura Energy?

Others Also Read