MARKET DEVELOPMENT
Sarawak Oil Palms' Pre-tax Profit Sharply Higher In Q1
Sarawak Oil Palms' Pre-tax Profit Sharply Higher In Q1
10/05/2014 (Bernama) - Sarawak Oil Palms Bhd's pre-tax profit for the first quarter ended March 31, 2104, rose 68 per cent to RM48.96 million against the RM29.3 million registered in the same period a year ago.
Revenue surged to RM546.64 million, during the period under review, from RM427.06 million chalked up previously, the company said in a filing to Bursa Malaysia Friday.
The better performance was attributed to the higher realised prices and sales volume achieved for palm products.
Going forward, the group's performance would continue to be driven by the palm products price movement which was dependent on the world edible oil market, movement of the ringgit and the country's economic situation, said Sarawak Oil.
Revenue surged to RM546.64 million, during the period under review, from RM427.06 million chalked up previously, the company said in a filing to Bursa Malaysia Friday.
The better performance was attributed to the higher realised prices and sales volume achieved for palm products.
Going forward, the group's performance would continue to be driven by the palm products price movement which was dependent on the world edible oil market, movement of the ringgit and the country's economic situation, said Sarawak Oil.