24/02/2016 (Bernama) - Hap Seng Plantations Holdings Bhd's pre-tax profit for the financial year ended Dec 31, 2015 dropped 32 per cent to RM120.23 million from RM176.07 million recorded in 2014.

Hap Seng attributed the lower pre-tax profit due to lower average selling price and lower sales volume of crude palm oil (CPO) and palm kernel (PK).

"Consequently, basic earnings per share for the year decreased to 12.06 sen and 16.04 sen in the preceeding year," it said in a filing to Bursa Malaysia.