Bursa Alert
Global Market
NewsSarawak Oil Palms 2Q profit grows to RM32.9 mil
Page 1 of 1
Sarawak Oil Palms 2Q profit grows to RM32.9 mil
by Cals Tue 26 Aug 2014, 23:18
| Sarawak Oil Palms 2Q profit grows to RM32.9 mil |
| Business & Markets 2014 |
| Written by Jeffrey Tan of theedgemalaysia.com |
| Tuesday, 26 August 2014 18:05 KUALA LUMPUR (Aug 26): Sarawak Oil Palms Bhd’s (SOP) net profit surged to RM32.9 million in the second quarter ended June 30, 2014, from RM1.2 million in the previous corresponding quarter. Revenue doubled to RM655.35 million, from RM313.99 million in the same quarter last year. In a filing with Bursa Malaysia, the plantation firm principally attributed its stellar net profit to improved realised prices for palm products, increase in palm products sold and larger fresh fruit bunch production from plantation estates. Meanwhile, the quarterly earnings in the previous corresponding quarter was dragged down by losses from subsidiaries having young mature areas that had eaten into the group's margin, according to previous announcement. For the half-year period, net profit chalked RM66.6 million versus RM22.2 million in the previous period, while revenue generated RM1.202 billion against RM741 million from a year earlier. On prospects ahead, SOP said its performance would continue to be driven by the palm products price movement. It added that this in turn was dependent on the world edible oil market, movement of the ringgit and economic situation. |
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Sarawak Oil Palms 4Q net profit rises 63% y-o-y
» Sarawak Oil Palms posts lower pre-tax profit
» Sarawak Oil Palms falls on rating cut
» Sarawak Oil Palms in RM242m acquisitions (5126)
» RHB Research maintains Buy on Sarawak Oil Palms, raises fair value to RM9.08
» Sarawak Oil Palms posts lower pre-tax profit
» Sarawak Oil Palms falls on rating cut
» Sarawak Oil Palms in RM242m acquisitions (5126)
» RHB Research maintains Buy on Sarawak Oil Palms, raises fair value to RM9.08
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum