MARKET DEVELOPMENT
Sarawak Plant Pre-tax Profit Declines To RM22.47 Mln
Sarawak Plant Pre-tax Profit Declines To RM22.47 Mln
19/02/2016 (Bernama) - Sarawak Plantation Bhd's pre-tax profit for financial year ended Dec 31, 2015 fell to RM22.47 million from RM70.04 million in the same period of 2014.
Revenue fell to RM334.23 million from RM389.9 million previously.
For the fourth quarter ended Dec 31, 2015, the pre-tax profit declined to RM3.35 million from RM25.27 million in the same quarter last year.
Its revenue fell to RM91.31 million from RM97.22 million previously.
"The decrease in fourth quarter's profit was principally due to the effects of lower sales volumes of crude palm oil (CPO) and palm kernel (PK) and the lower realised average selling prices of CPO," the company said in a filing to Bursa Malaysia today.
On prospects, the company said, the performance of the group was largely dependent on the production, operation efficiency and prices of CPO and PK.
"The group will continue to carry out mitigating measures such as productivity improvement and cost containment and will endeavour to achieve satisfactory results for the next financial year, subject to an improved market for global oils and fats," it said.
Revenue fell to RM334.23 million from RM389.9 million previously.
For the fourth quarter ended Dec 31, 2015, the pre-tax profit declined to RM3.35 million from RM25.27 million in the same quarter last year.
Its revenue fell to RM91.31 million from RM97.22 million previously.
"The decrease in fourth quarter's profit was principally due to the effects of lower sales volumes of crude palm oil (CPO) and palm kernel (PK) and the lower realised average selling prices of CPO," the company said in a filing to Bursa Malaysia today.
On prospects, the company said, the performance of the group was largely dependent on the production, operation efficiency and prices of CPO and PK.
"The group will continue to carry out mitigating measures such as productivity improvement and cost containment and will endeavour to achieve satisfactory results for the next financial year, subject to an improved market for global oils and fats," it said.