MARKET DEVELOPMENT
Sarawak Plantation's Pre-tax Profit Falls To RM7.27 Million
Sarawak Plantation's Pre-tax Profit Falls To RM7.27 Million
22/05/2015 (Bernama) - Sarawak Plantation Bhd's pre-tax profit for the first quarter ended March 31, 2015 fell to RM7.27 million from RM21.86 million in the same quarter of 2014.
Revenue dropped to RM70.91 million during the period under review from the RM104 million registered previously.
In a filing to Bursa Malaysia, the company said the decrease was principally due to the effect of lower realised average selling prices and lower sales volumes for crude palm oil (CPO) and palm kernel (PK) during the financial period.
The CPO and PK realised average selling prices decreased by about 15.5 per cent and 13.1 per cent respectively, while the sales volumes of CPO and PK decreased by about 20.4 per cent and 14.3 per cent respectively, it said.
Revenue dropped to RM70.91 million during the period under review from the RM104 million registered previously.
In a filing to Bursa Malaysia, the company said the decrease was principally due to the effect of lower realised average selling prices and lower sales volumes for crude palm oil (CPO) and palm kernel (PK) during the financial period.
The CPO and PK realised average selling prices decreased by about 15.5 per cent and 13.1 per cent respectively, while the sales volumes of CPO and PK decreased by about 20.4 per cent and 14.3 per cent respectively, it said.