KUALA LUMPUR: Sarawak Oil Palms Bhd
‘s net profit for the second quarter ended June 30, 2023, decreased to RM48.12 million from RM154.46 million for the corresponding period a year ago.
‘s net profit for the second quarter ended June 30, 2023, decreased to RM48.12 million from RM154.46 million for the corresponding period a year ago.
Revenue decreased to RM1.18 billion from RM1.40 billion previously, a Bursa Malaysia filing said.
Net profit for the cumulative six months ended June 30, 2023, was RM92.29 million against RM349.45 million for the same period a year ago.
The filing said the group’s performance will continue to be driven by the cyclical fresh fruit bunches production, global world edible oil price movement, supply chain effect on fertilisers, chemicals and fuel prices, which will affect production cost. – Bernama