Boustead Plantations returns to the black in 3Q with RM15mil profit

KUALA LUMPUR: Boustead Plantations Bhd (BPlant) aims to costs, boost productivity through mechanisation, and replant less productive oil palm stands to counter potential risks in the palm oil market.

“To cushion the potential downside in the palm oil market, the group will continue to focus on cost rationalisation and will strive for improved productivity through continued mechanisation initiatives and replanting older, less productive oil palm stands,” BPlant said in a filing with Bursa Malaysia.