Head Topics

Sime Darby Plantation posts higher net profit of RM718m in Q1

  • 📰 malaymail
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 86%

Malaysia Headlines News

Malaysia Latest News,Malaysia Headlines

googletag.cmd.push(function() {googletag.display('mm-story-320x100');}); KUALA LUMPUR, May 20 ― Sime Darby Plantation Bhd (SDP) posted a higher net profit of RM718 million in...

KUALA LUMPUR, May 20 ― Sime Darby Plantation Bhd posted a higher net profit of RM718 million in the first quarter ended March 31, 2022 from RM562 million in the same period last year.In a filing with Bursa Malaysia today, the plantation company said the performance was driven by higher crude palm oil and palm kernel prices in the upstream segment and improved downstream performance.

“PBIT from the downstream sector increased to RM132 million in the current quarter mainly due to higher margins generated by the Asia Pacific bulk operations which benefited from Roundtable on Sustainable Palm Oil premiums on crude palm kernel oil sales, mitigating lower sales volumes and margins in Asia Pacific differentiated and European operations,” it said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Development can eradicate forced labour in plantations - RamasamyMore development means less reliance on low-skilled labour. Are they shackled ?
Source: malaysiakini - 🏆 20. / 51 Read more »

Saravanan will investigate Malaysians in debt bondage at Bahau plantationMPOA urges certification council to be given authority to revoke licences.
Source: malaysiakini - 🏆 20. / 51 Read more »

Stats Dept: Malaysia’s labour market momentum escalated in Q1 2022PUTRAJAYA, May 20 — Malaysia’s labour market momentum escalated in the first quarter of 2022 (Q1 2022) as both demand and supply ascended further, according to the Department...
Source: malaymail - 🏆 1. / 86 Read more »

Russia says economy grew 3.5pc in Q1MOSCOW, May 19 — Russia&039;s state statistics agency said on Wednesday it expected economic growth to stand at 3.5 per cent in the first quarter of this...
Source: malaymail - 🏆 1. / 86 Read more »

Malaysia’s labour productivity up by 2.7% in Q1 | The Malaysian InsightChief statistician says employment rose by 2.2% to 15.6 million people.
Source: msianinsight - 🏆 8. / 63 Read more »