PETALING JAYA: Chin Teck Plantations Bhd
(Chin Teck) expects to turn in “satisfactory” results for the financial ending August 2026 (FY26), as it is predicting the current average selling prices of crude palm oil (CPO) to remain.
However, the group said profit contributed by 40% owned subsidiary West Synergy Sdn Bhd in FY26 is expected to decrease as the sale of large-sized land is not expected to occur.
In a filing to Bursa Malaysia, Chin Teck saw 4Q25 net profit growing more than five times year-on-year (y-o-y) to RM115.7mil, as revenue climbed 15.4% to RM96.6mil.
For FY25, net profit more than doubled to RM200.5mil, as turnover increased 16.8% y-o-y to RM309.5mil.
The group attributed the improved revenue to increases in the average selling prices of fresh fruit bunches, CPO and palm kernel (PK), as well as growth in the sales volumes of CPO and PK.
It added that the surge in profitability was due to a significant amount of profit contributed by property development associate, West Synergy, which had completed the disposal of land to Gamuda DC Infrastructure Sdn Bhd.
The group has declared a dividend of 51 sen per share for the FY25.
