|COVID–19 NEWS||Japan registers record 250,403 COVID-19 cases within past 24 hours | COVID: Malaysia records increase in new cases, fatalities - Dr Noor Hisham | New COVID-19 cases drop 5.2 pct last week - Health Dg | Witness still COVID-19 positive, Ahmad Zahid's corruption trial postponed | Japan's daily COVID cases top 180,000, set fresh record amid 7th wave ||
KUALA LUMPUR, Nov 26 -- Sarawak Oil Palms Bhd’s (SOPB) net profit for the third quarter (Q3) ended Sept 30, 2021 soared 70 per cent to RM125.48 million against RM73.83 million in the same quarter a year ago.
Revenue for the period jumped 64 per cent to RM1.30 billion compared with RM794.88 million previously due to higher average prices of palm oil products, it said in a filing with Bursa Malaysia today.
For the nine months ended Sept 30, 2021, the group's revenue expanded to RM3.03 billion against RM1.93 billion reported in the corresponding period in 2020.
Group profit before tax for the same period was RM435.1 million against RM254.7 million previously.
"The increase in profit before tax was mainly due to an increase in the average realised prices of palm oil products despite the drop of about 10 per cent in the production of fresh fruit bunches (FFB) due to labour shortage during this COVID-19 pandemic period,” it said.
On its prospects, the group said its performance would continue to be driven by FFB production and the price of palm oil products, which is dependent on the world edible oils market, movement of the ringgit and the economic situation.
Bernama is the trusted source of reliable real-time comprehensive and accurate news for both the public and media practitioners. Our news is published at www.bernama.com ; BERNAMA TV on: Astro Channel 502, unifi TV Channel 631, MYTV Channel 121 IFLIX; and Bernama Radio broadcasting locally on FM93.9 in Klang Valley, Johor (FM107.5), Kota Kinabalu (FM107.9) and Kuching (FM100.9).
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial