The Star Online (23/07/2026) - PETALING JAYA: United Plantations Bhd is staying focused on maintaining operational excellence through disciplined agronomic practices and ongoing mechanisation initiatives to safeguard the group’s competitiveness amidst continuing pressure from rising labour, energy and other input costs.

Releasing its results for the second quarter ended June 30 (2Q26) yesterday, United Plantations saw net profit declining by 22.2% year-on-year (y-o-y) to RM194mil, even as revenue remained relatively stable at RM641.8mil.

For the six months ended June, its bottom line slid 14.1% y-o-y to RM354.7mil, despite turnover rising 10.9% to RM1.28bil. In a Bursa Malaysia filing, it attributed the growth in revenue to the refinery segment, which was supported by higher sales volumes.

Read more at https://www.thestar.com.my/business/business-news/2026/07/23/united-plantations-earnings-slide