KUALA LUMPUR: Sarawak Oil Palms Bhd
’s (SOP) performance will continue to be influenced by the cyclical nature of fresh fruit bunch (FFB) production, global edible oil price trends, and supply chain factors affecting the cost of fertilisers, chemicals, and fuel.
“The group is taking effective steps to improve its production through better efficient management, including cost control and replanting program.
“Notwithstanding this, industry will continue to face challenges in view of global economic conditions and volatile commodity prices,” SOP said in a filing with Bursa Malaysia.
In the first quarter ended March 31 (1Q25), SOP’s net profit jumped 43.2% to RM113.8mil, or 12.73 sen per share, compared with RM79.5mil, or 8.92 sen per share, in the same quarter a year ago.
SOP said the higher profit was mainly attributed to improved FFB production yield and a higher realised selling price compared to 1Q24.
Its revenue for the quarter climbed 8.8% to RM1.4bil against RM1.3bil posted last year.
