KUALA LUMPUR: Bolstered by higher delivery volumes for crude palm oil (CPO) and palm kernel (PK), Johor Plantations Group Bhd
posted a 51% higher bottomline for the second quarter ended June 30, 2025.
During the quarter under review, the plantations firm said net profit jumped to RM75.19mil from RM49.74mil in the year-ago quarter, which lifted earnings per share to 3.01 sen from 2.44 sen previously.
The group reported higher revenue of RM398.29mil, up from RM360.91mil in the comparative quarter.
According to the group, its performance also benefited from stronger outside crop purchase (OCP), which helped to sustain throughput and strengthen profitability during the quarter.
The board of directors declared a second interim dividend of 1.25 sen per share, going ex on Aug 29, 2025, and payable on Sept 22, 2025.
Over the six-month period, Johor Plantations posted a net profit of RM151.12mil on revenue of RM738.72mil as compared to a net profit of RM99.71mil and revenue of RM655.82mil in 1HFY24.
“We are pleased to report another strong performance, driven by disciplined efforts across our upstream segment and continued progress in expanding external crop sourcing.
"At the same time, we continue to enhance operational efficiency, optimise our inventory, and manage costs proactively, all guided by our steadfast commitment to sustainability, which remains at the heart of our long-term value creation," said managing director Mohd Faris Adli Shukery in a statement.
Moving forward, he said the group remains mindful of potential demand-supply imbalances in the CPO market but remains confident of being able to navigate the conditions.
"Our focus remains on optimising price realisation, sustaining production growth, exercising rigorous cost control, increasing processing volume and advancing our downstream expansion.”
Johor Plantations also announced the appointment of Zain Azrai Zainal Abidin as chief financial officer (CFO) from Sept 1, 2025, following the retirement of current CFO Aziah Ahmad.
According to the statement, Zain joined the group in June as deputy CFO and brings deep expertise in finance, strategy, treasury, investment management, stakeholder engagement and audit.
