PETALING JAYA: Riding on high crude palm oil (CPO) prices, United Malacca Bhd
(UMB) had a strong start that beat analysts’ expectations for the first quarter (Q1) of financial year 2022 (FY22).
A stronger Q2 is seen on better prices and output.
After stripping out all exceptional items, UMB’s Q1 of FY22 core net profit improved significantly to RM18.4mil as compared to a net loss of RM0.1mil recorded in the same period last year.
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