KUALA LUMPUR: United Malacca Bhd
’s net profit climbed to RM20.85mil in the first quarter ended July 31, 2021 (Q1FY2021) from RM3.55mil a year before amid higher crude palm oil (CPO) price.
Revenue rose to RM114.87mil from RM86.79mil previously.
In a filing with Bursa Malaysia, United Malacca said during the current quarter, the Malaysian operations recorded a plantation profit of RM24.1mil, which was 315% stronger than RM5.8mil in the corresponding quarter of the preceding year.
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