Cepatwawasan first quarter earnings down

TheStar Thu, May 09, 2019 07:55am - 4 years View Original


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. (The Cepatwawasan-Humana Education Resource Centre (Cherc) in Segaliud, Kinabatangan., in one of its oil palm plantations - Filepic)

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. (The Cepatwawasan-Humana Education Resource Centre (Cherc) in Segaliud, Kinabatangan., in one of its oil palm plantations - Filepic)

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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