23/02/2012 (Business Times) - IJM Plantations Bhd's pre-tax profit for the third quarter ended Dec 31, 2012 increased to RM71.6 million compared with RM59.8 million previously.

Revenue decreased to RM146.4 million from RM160.4 million previously.

In a filing to Bursa Malaysia, it said the increase in pre-tax profit was due to the higher level of fresh fruit bunches production and palm products inventory, favourable commodity prices, and deferment of upkeep activities due to adverse weather conditions.

It attributed the lower revenue for the quarter under review mainly to lower sales volume of crude palm oil and palm kernel oil.

On prospects, IJM expects a better level of profitability for the financial year ending March 31, 2012 compared to last year.
-- BERNAMA