United Malacca sees higher FFB production in FY23

TheStar Tue, Mar 28, 2023 12:00am - 2 months View Original

PETALING JAYA: United Malacca Bhd expects fresh fruit bunch (FFB) production to increase in the financial year 2023 (FY23), on the back of higher yield performance, but the group cautioned against rising operating costs due to higher logistics, material and labour costs.

For the third quarter ended Jan 31, 2023 (3Q23), the plantation group’s revenue increased by 9.4% year-on-year (y-o-y) to RM161.6mil.

Earnings, however, fell by 58% y-o-y to RM12.7mil or earnings per share of six sen due to lower average crude palm oil (CPO) and palm kernel (PK) prices, as well as higher cost of production, particularly with regards to raw material and labour.


Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.

Related Stocks

BURSA 6.190
UMCCA 5.230


Login to comment.