Recovery of deposits boosts Sarawak Plantations profits

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  • Thursday, 30 Apr 2015

KUCHING: Sarawak Plantations Bhd has recovered deposits of RM28.5mil paid for acquisitions of equity stakes in four plantation companies.

The recovery helped to boost the company group’s net profits to RM60.9mil for the financial year ended Dec 31, 2014, which was sharply higher than RM35.8mil in 2013. Group revenue grew to RM389.9mil from RM362.1mil previously.

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