PETALING JAYA: Chin Teck Plantations Bhd
saw its net profit increase 44% to RM11.2mil for the third quarter (Q3) ended May 31,2020, from RM7.8mil in the corresponding quarter last year.
The plantation group attributed its stronger earnings to the substantial increase in the average selling prices of crude palm oil, fresh fruit brunches (FFB), and palm kernel (PK).
It announced a second interim dividend of eight sen per share.
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