Genting Plantations records 1Q net profit of RM39mil

KUALA LUMPUR: Genting Plantations Bhd’s prospects for the rest of the year will track the performance of its mainstay plantation segment, which is, in turn, dependent principally on the movements in palm products prices and its fresh fruit bunch (FFB) production.

“In the short run, the palm products prices are under pressure as prices of other edible oils namely sunflower and soya oil have been on a declining trend due to better harvest, compounded by downbeat economic prospects in several major economies.