PETALING JAYA: Hap Seng Consolidated Bhd
saw its net profit for its third quarter ended Sept 30, 2024 (3Q24) surging almost four times year-on-year (y-o-y) to RM193.1mil, despite revenue dipping 3.9% to RM1.48bil.
The group attributed higher profit contribution from its plantation, property and credit financing divisions, specifically to the increase in selling prices of crude palm oil (CPO), palm kernel (PK), as well as better CPO, PK and fresh fruit bunch production.
