PETALING JAYA: United Plantations Bhd
is expecting “very satisfactory” results for its financial year ending Dec 31, 2023 (FY23), based on the current palm oil prices and the company’s efforts in securing a budgeted crop in the final quarter of 2023 (4Q23).
In 3Q23, the plantation firm saw its net profit rising to RM235.68mil compared to the RM196.72mil reported in 3Q22. This is despite a drop in revenue to RM540.16mil compared to RM649.62mil before.
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