by TMR

TH Plantations Bhd posted a net profit drop to RM6.89 million for its fourth quarter (4Q) ended Dec 31, 2017, from RM127.46 million registered previously on the back of lower profit before tax and higher deferred tax expense recognised during the year.

Revenue increased on higher sales volume of palm kernel and fresh fruit bunches by 5% to RM178.2 million, its exchange filing yesterday noted.

The group declared a dividend of two sen per share for the quarter, bringing its total dividend for the year to 3.6 sen per share.