KUALA LUMPUR: Boustead Plantations Bhd
(BPlant) said its profitability for this year is dependent on the price direction for crude palm oil (CPO) and crop production.
“Palm oil production in the first quarter of 2023 had been adversely impacted by the heavy rainfall and flooding phenomenon in parts of Malaysia. However, CPO production is forecasted to trend higher in second half of 2023 following the expected improvement in weather condition in the months ahead,” BPlant said in a Bursa filing.
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