PETALING JAYA: Chin Teck Plantations Bhd
has resumed harvesting activities and mill operations at its oil palm plantations in Lampung Province, Indonesia, following disruptions caused by unrest in surrounding villages since previous financial years.
For the fourth quarter ended Aug 31, 2026, Chin Teck’s net profit declined 68.6% year-on-year (y-o-y) to RM36.4mil from RM115.7mil a year earlier.
Revenue fell 41.7% to RM56.4mil, mainly due to lower sales volumes of fresh fruit bunches, crude palm oil and palm kernels despite higher average selling prices.
For the full financial year, net profit declined 53.4% y-o-y to RM93.5mil, while revenue fell 12.6% to RM270.5mil.
Looking ahead, the group expects satisfactory plantation performance in the financial year ending Aug 31, 2027.
