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KUALA LUMPUR: Boustead Plantations Bhd’s net profit surged to RM435.16mil in the first quarter ended March 31, against RM12.22mil a year ago on disposal gain and higher palm product price.
PETALING JAYA: Higher crude palm oil (CPO) and palm kernel (PK) prices helped lift Sime Darby Plantation Bhd’s (SDP) net profit in the first quarter ended March 31, 2022 (1Q22), to RM718mil, a 27.76% increase over RM562mil in 1Q21.
KUALA LUMPUR: IOI Corp Bhd’s net profit rose 2.5% to RM411.2mil in the third quarter ended June 30 (3Q22) from RM401.3mil a year ago due to higher contribution from the plantation segment.
KUALA LUMPUR: Higher crude palm oil (CPO) and palm kernel (PK) prices helped lift Sime Darby Plantation Bhd's net profit in the first quarter ended March 31, 2022, to RM718mil, a 27.76% increase over RM562mil in 1Q21.
KUALA LUMPUR: Ministry of Plantation Industries and Commodities (MPIC) is in the midst of discussions with the Ministry of Finance (MoF) to look into the viability of slashing Malaysia’s palm oil export tax to 4-6 per cent from the current 8 per cent.
PETALING JAYA: Most plantation companies will likely register flattish or weaker performance in their quarterly financial results, which will roll-out starting tomorrow.
The last couple of weeks have been difficult for Sumochtar, a 51-year-old oil palm farmer living in the Nagan Raya regency of Indonesia’s Aceh province. His daily income has slumped so drastically that he could not even afford rice for feeding his wife and three kids.
PETALING JAYA: Despite rising costs, Hap Seng Plantations Holdings Bhd’s earnings growth will remain well supported by strong crude palm oil (CPO) prices.