Cepatwawasan first quarter earnings down
PETALING JAYA: Cepatwawasan Group Bhd ’s earnings fell 66.2% for the first quarter (1Q) ended March 31, 2019, due to lower palm oil prices.
The plantation company announced a net profit of RM2.4mil for 1Q19, compared with RM7.2mil in the previous corresponding quarter. Consequently, its earnings per share slid to 0.79 sen from 2.34 sen previously.
During the quarter in review, Cepatwawasan’s revenue fell 28.5% to RM52.4mil from RM73.3mil in the previous corresponding quarter.
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