Sarawak Plantation Bhd posted an increased pre-tax profit of RM83.233 million for the first nine-months of 2011, compared with the RM41.824 million last year. Revenue also rose to RM367.746 million from the RM225.223 million recorded in the corresponding period in 2010.
In a filing to Bursa Malaysia today, Sarawak Plantation said for the third quarter ended Sept 30, 2011, it recorded a higher pre-tax profit of RM31.781 million versus RM13.159 million, previously. Revenue for the three-month period was also up to RM147.354 million from RM81.652 million last year.
"The performance of the group is largely dependent on the production, operational efficiency and price of crude palm oil (CPO).
"The group is expected to perform well for the current financial year subject to a stable market for crude oil and global oils and fats," the company said. -- Bernama
In a filing to Bursa Malaysia today, Sarawak Plantation said for the third quarter ended Sept 30, 2011, it recorded a higher pre-tax profit of RM31.781 million versus RM13.159 million, previously. Revenue for the three-month period was also up to RM147.354 million from RM81.652 million last year.
"The performance of the group is largely dependent on the production, operational efficiency and price of crude palm oil (CPO).
"The group is expected to perform well for the current financial year subject to a stable market for crude oil and global oils and fats," the company said. -- Bernama
