Cepatwawasan earnings triple in 1Q

TheStar Thu, May 12, 2022 08:20am - 1 year View Original


Earnings jumped almost three-fold on higher average selling prices of crude palm oil, palm kernel, fresh fruit bunches and empty fruit bunch oil.

PETALING JAYA: CepatWawasan Group Bhd’s earnings jumped almost three-fold on higher average selling prices of crude palm oil, palm kernel, fresh fruit bunches and empty fruit bunch oil.

For the first quarter ended March 31, 2022, the company posted a net profit of RM15.23mil.

This was up from RM5.61mil in the corresponding quarter of the preceding year. As such, its earnings per share rose to 4.93 sen from 1.81 sen.

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