PETALING JAYA: United Plantations Bhd
recorded a higher net profit of RM290.93mil for the third quarter ended Sep 30, 2026 (3Q26), up from RM203.28mil in the same quarter last year.
The group said the higher profit reflected stronger operational performance of the plantation segment, which was underpinned by higher production volumes and better crude palm oil selling prices, along with higher contribution from the refinery segment.
Revenue in 3Q26 grew to RM722.22mil, compared to RM677.08mil in the previous year, attributed to higher revenue contributions from both the plantation and refinery segments.
United Plantations has also declared an interim dividend of 30 sen per share and a special dividend of 15 sen per share for the financial year ending Dec 31, 2026, payable on Dec 8, 2026.
The group said prices remained resilient in 3Q26 despite rising palm oil production and increasing inventories in Malaysia, supported by expectations of higher biodiesel demand, particularly in Indonesia and the United States, as well as concerns over the impact of prevailing El Niño weather conditions on future palm oil production.
