Boustead Plantations returns to the black

BPlant posted a net profit of RM15.2mil for the third quarter against a net loss of RM352,000 a year earlier.

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

Despite the expected presence of the El Niño weather pattern, Malaysia’s palm oil production is projected to rise in 2024, BPlant said in a filing with Bursa Malaysia.