Boustead Plantation sees better YoY CPO pricing, production

by TMR

Boustead Plantations Bhd’s net profit fell 27.6% year- on-year (YoY) to RM36.4 million, or earnings per share (EPS) of 2.28 sen, for the fourth quarter ended Dec 31, 2017 (4Q17), as there was no disposal of assets this quarter as was the case in 4Q16.

Profit for the full year jumped 192% YoY to RM665.2 million, or EPS of 41.58 sen, on improved crude palm oil (CPO) prices and better fresh fruit brunches production.

In a filing to Bursa Malaysia yesterday, Boustead Plantation reported a 10.9% YoY rise in revenue to RM218.2 million for the 4Q17, while full- year revenue stood at RM760 million.