Bursa Alert
Global Market
NewsTH Plantations Q1 net profit down 40.1% to RM13.06m
Page 1 of 1
TH Plantations Q1 net profit down 40.1% to RM13.06m
by hlk Tue 24 Apr 2012, 21:05
KUALA LUMPUR: TH Plantation Bhd's earnings fell 40.1% to RM13.06mil in the first quarter ended March 31 from RM21.83mil a year ago as its profitability was affected by higher production costs.
It said on Tuesday its revenue rose 26.6% to RM95.04mil from RM75.05mil while earnings per share were 2.53 sen compared with 4.36 sen.
TH Plantations said 94.71% of its revenue of RM95.04mil was contributed by plantation operations segment. The higher revenue was mainly due to higher sales volume of crude palm oil, palm kernel and fresh fruit bunches despite lower average commodity selling prices realised.
Its pre-tax profit fell 18% to RM25.10mil from RM30.67mil due to higher production costs. It said 25% of the annual fertiliser budget for the current year was spent as compared to 21% for same quarter last year.
Another factor was the higher labour cost due to labour/assistance and general charges cost, due to incentive payment of RM200 per month for eligible workers.
It said on Tuesday its revenue rose 26.6% to RM95.04mil from RM75.05mil while earnings per share were 2.53 sen compared with 4.36 sen.
TH Plantations said 94.71% of its revenue of RM95.04mil was contributed by plantation operations segment. The higher revenue was mainly due to higher sales volume of crude palm oil, palm kernel and fresh fruit bunches despite lower average commodity selling prices realised.
Its pre-tax profit fell 18% to RM25.10mil from RM30.67mil due to higher production costs. It said 25% of the annual fertiliser budget for the current year was spent as compared to 21% for same quarter last year.
Another factor was the higher labour cost due to labour/assistance and general charges cost, due to incentive payment of RM200 per month for eligible workers.
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» Pharmaniaga 2Q net profit dips 5.6% to RM13.92m
» Hwang-DBS 1Q net profit jumps 47% y-o-y to RM13.5m
» Engtex' 1Q net profit rises 29% to RM13.52 million
» Hai-O Q4 profit rises to RM13.27mil (7668)
» Pantech posts higher Q4 pre-tax profit of RM13.7m
» Hwang-DBS 1Q net profit jumps 47% y-o-y to RM13.5m
» Engtex' 1Q net profit rises 29% to RM13.52 million
» Hai-O Q4 profit rises to RM13.27mil (7668)
» Pantech posts higher Q4 pre-tax profit of RM13.7m
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum