KUALA LUMPUR: Genting Plantations Bhd’s (GENP) net profit jumped to RM102.23 million in the third quarter ended Sept 31, 2021 (Q3 FY2021), from RM61.38 million recorded in the same quarter in 2020.
KUALA LUMPUR: Ta Ann Holdings Bhd’s net profit for the third quarter (Q3) ended Sept 30, 2021 surged to RM103.29 million from RM42.77 million in the corresponding quarter of 2020.
PETALING JAYA: IJM Plantations Bhd swung to the black on a year-on-year (y-o-y) basis with a net profit of RM101.04mil in the second quarter of its financial year ended Sept 30, 2021, as compared to a net loss of RM1.04mil in the year-ago quarter.
KUALA LUMPUR: Sime Darby Plantation Bhd posted stronger earnings in the second quarter ended June 30, 2021 at RM617mil due to higher realised crude palm oil (CPO) and palm kernel (PK) prices, as well as an increase in fresh fruit bunch (FFB) production.
Earnings per share was 7.1 sen as compared to 10.18 sen in the year-ago quarter.
Group revenue for the quarter under review was RM536.58mil, a 6% drop from RM569mil in the comparative quarter.
Genting Plantations said in a statement that its downstream manufacturing recorded an Lbitda of RM5.9mil as compared to Ebitda of RM14.1mil in the previous corresponding quarter. The outlook for the Downstream Manufacturing segment for the rest of this year will remain challenging due to the unfavourable palm oil-gas oil (POGO) spread and squeezed margins for its products. Nevertheless, the demand for refined palm products is expected to be sustained given its competitive pricing vis-à-vis other substitute soft oils, it said.