Скачать или смотреть Boustead Plantations Berhad's Pre-Tax Profit Surges

Boustead Plantations Berhad's pre-tax profit for the second quarter ended June 30th 2016, surged to RM 100.45 million, from RM 53.26 million recorded in the same quarter last year.

Revenue rose to RM 174.92 million, from RM 153.38 million previously.

It attributed the increase in the second quarter performance to gains on disposal of land worth RM 83.2 million.

On prospects for the second half of the year, the company said it would be mainly driven by crude palm oil, CPO prices and crop production.

It said CPO prices reached a peak in the first half of the year, but could not sustain the momentum due to sluggish market demand, coupled with recovery in crop production after El Nino and increase in palm oil inventory.