PETALING JAYA: Chin Teck Plantations Bhd
expects to turn in “satisfactory” results for the financial year ending August 2026 (FY26), as it is predicting the current average selling prices of crude palm oil (CPO) to remain.
In a filing with Bursa Malaysia, Chin Teck saw its fourth quarter of FY25 (4Q25) net profit growing more than five times year-on-year (y-o-y) to RM115.7mil.
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.
The group has declared a dividend of 51 sen per share for FY25.
