United Plantations Q3 earnings up

TheStar Tue, Nov 09, 2021 09:31am - 2 years View Original


PETALING JAYA: United Plantations Bhd’s net profit rose 61.7% to RM154.15mil for the third quarter ended Sept 30, 2021 (Q3’21) from RM95.33mil amid higher crude palm oil prices.

Its revenue rose 57.32% to RM525.5mil in Q3’21 from RM334.04mil in Q3’20, while earnings per share rose to 37.16 sen from 22.98 sen previously.

Year to date, the plantation company’s net profit grew 21.5% year-on-year (y-o-y) to RM364.76mil, while revenue grew 48.5% y-o-y to RM1.41bil.

It has announced an interim dividend of 30 sen per share, payable on Dec 3.

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