Business

United Plantations’ Q3 pre-tax profit up 52.5%

United Plantations Bhd registered a 52.5% higher pre-tax profit of RM96.11 million for the third quarter ended September 30, 2014, from RM63.66 million recorded in the same period last year.

Revenue grew to RM280.69 million from RM212.35 million previously.

In a filing to Bursa Malaysia, the plantations company attributed the improvement to higher production of crude palm oil and palm kernel, as well as lower production costs.

"The better performance was also due to higher contribution from the refinery unit in the current quarter and a RM1.4 million unrealised foreign exchange gain," it added. - Bernama, November 24, 2014.

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