MARKET DEVELOPMENT
Boustead's Pre-Tax Profit Increases To RM109.9 Million In Q2
Boustead's Pre-Tax Profit Increases To RM109.9 Million In Q2
25/08/2014 (Bernama) - Boustead Holdings Bhd's pre-tax profit increased to RM109.9 million for the second quarter ended June 30, 2014 from RM93.1 million in the corresponding period last year.
Revenue rose to RM2.6 billion during the period under review from RM2.4 billion previously, it said in a filing to Bursa Malaysia.
Moving forward, Boustead Holdings said its plantation division, the biggest contributor to the group prospects for the second half of the year would be driven by palm product prices and fresh fruit bunches (FFB) crop.
However, the El Nino phenomenon may affect crude palm oil prices and FFB crop depending on its severity, it added.
Revenue rose to RM2.6 billion during the period under review from RM2.4 billion previously, it said in a filing to Bursa Malaysia.
Moving forward, Boustead Holdings said its plantation division, the biggest contributor to the group prospects for the second half of the year would be driven by palm product prices and fresh fruit bunches (FFB) crop.
However, the El Nino phenomenon may affect crude palm oil prices and FFB crop depending on its severity, it added.