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.