UP said it expected its results for the year to be satisfactory.
PETALING JAYA: United Plantations Bhd
(UP) remains focused on its operations and is taking various means to improve on its yields, costs and productivity amid the global uncertainties and challenges.
Based on current palm oil prices and its focus on securing the budgeted crop in the remaining part of 2024, UP said in a filing with Bursa Malaysia that it expected its results for the year to be satisfactory.
For the second quarter ended June 30, 2024, net profit rose to RM185.94mil from RM159.02mil in the previous corresponding period, while revenue grew to RM546.08mil from RM470.07mil.
Basic earnings per share stood at 44.83 sen versus 38.34 sen previously.
For the six-month period ended June 30, 2024, net profit rose to RM318.81mil from RM271.11mil, while revenue grew to RM1bil from RM930.06mil.
