28/08/2012 (The Star) - Its revenue was was also down to RM232mil from RM390.6mil in corresponding period last year.

Basic earnings per share for the quarter was down to 37.03 sen from 52.65 sen. Cumulatively, United Plantations’ half-year net profit was down by 30.7% to RM149.7mil compared to its corresponding period.

The decrease in the group’s profit was largely due to lower production of crude palm oil (CPO) and palm kernels (PK), higher production costs and lower selling prices of these two products. “CPO and PK production dropped by 3.2% and 3.5% respectively whereas the selling prices of CPO and PK declined by 1.3% and 29.4% respectively in the current period from the corresponding period. “CPO and PK production costs increased by 15.6% and 48.3% respectively in the current period from the corresponding period.