Latest news with #GentingPlantations
Yahoo
30-05-2025
- Business
- Yahoo
Genting Plantations Berhad First Quarter 2025 Earnings: EPS: RM0.068 (vs RM0.048 in 1Q 2024)
Revenue: RM719.5m (up 19% from 1Q 2024). Net income: RM61.3m (up 43% from 1Q 2024). Profit margin: 8.5% (up from 7.1% in 1Q 2024). The increase in margin was driven by higher revenue. EPS: RM0.068 (up from RM0.048 in 1Q 2024). AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. All figures shown in the chart above are for the trailing 12 month (TTM) period Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Food industry in Malaysia. Performance of the Malaysian Food industry. The company's share price is broadly unchanged from a week ago. We don't want to rain on the parade too much, but we did also find 2 warning signs for Genting Plantations Berhad (1 doesn't sit too well with us!) that you need to be mindful of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Star
28-05-2025
- Business
- The Star
Genting Plantations posts higher 1Q net profit of RM61.25mil
KUALA LUMPUR: Genting Plantations Bhd posted a higher net profit of RM61.25 million in the first quarter ended March 31, 2025 (1Q 2025) compared to RM42.83 million in the same period last year. Revenue also increased by 19 per cent to RM719.45 million from RM605.83 million previously, attributable to higher palm product prices and improved sales volume in the downstream manufacturing segment. In a Bursa Malaysia filing, Genting Plantations said fresh fruit bunch (FFB) production in 1Q 2025 saw a year-on-year decline, primarily due to disruptions caused by unusually heavy rainfall and flooding across several estates in Malaysia. "The impact was partially offset by stronger output from the group's Indonesian estates, supported by a favourable age profile," it said. Genting Plantations also reported higher crude palm oil and palm kernel prices of RM4,162 per tonne and RM3,311 per tonne, respectively. "Reflective of the higher palm products selling prices, 1Q 2025 earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the Plantation segment increased year-on-year on top of the increased sales volume during the quarter," it said. Meanwhile, Genting Plantations said the group's prospects for the remainder of the year will track the performance of its mainstay plantation segment, which is, in turn, dependent on movements in palm product prices and FFB production. It said palm oil prices have since eased, driven by the seasonal recovery in production and the expected buildup in palm oil stocks. "However, the group anticipates prices to stabilise in the near term, supported by purchases from key importing countries following the recent palm oil price correction. "Nonetheless, escalating trade tensions and subdued crude oil prices may add to price volatility," it added. - Bernama
New Straits Times
28-05-2025
- Business
- New Straits Times
Genting Plantations posts higher 1Q net profit of RM61.25mil
KUALA LUMPUR: Genting Plantations Bhd posted a higher net profit of RM61.25 million in the first quarter ended March 31, 2025 (1Q 2025) compared to RM42.83 million in the same period last year. Revenue also increased by 19 per cent to RM719.45 million from RM605.83 million previously, attributable to higher palm product prices and improved sales volume in the downstream manufacturing segment. In a Bursa Malaysia filing, Genting Plantations said fresh fruit bunch (FFB) production in 1Q 2025 saw a year-on-year decline, primarily due to disruptions caused by unusually heavy rainfall and flooding across several estates in Malaysia. "The impact was partially offset by stronger output from the group's Indonesian estates, supported by a favourable age profile," it said. Genting Plantations also reported higher crude palm oil and palm kernel prices of RM4,162 per tonne and RM3,311 per tonne, respectively. "Reflective of the higher palm products selling prices, 1Q 2025 earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the Plantation segment increased year-on-year on top of the increased sales volume during the quarter," it said. Meanwhile, Genting Plantations said the group's prospects for the remainder of the year will track the performance of its mainstay plantation segment, which is, in turn, dependent on movements in palm product prices and FFB production. It said palm oil prices have since eased, driven by the seasonal recovery in production and the expected buildup in palm oil stocks. "However, the group anticipates prices to stabilise in the near term, supported by purchases from key importing countries following the recent palm oil price correction. "Nonetheless, escalating trade tensions and subdued crude oil prices may add to price volatility," it added. -- BERNAMA
The Star
07-05-2025
- Business
- The Star
Genting Plantations unit issues RM300mil sukuk
KUALA LUMPUR: Genting Plantations Bhd 's wholly-owned subsidiary, Benih Restu Bhd, has undertaken its second issuance of Islamic medium-term notes (IMTN), totalling RM300mil in nominal value, under the RM1.5bil Sukuk Murabahah Programme via Tawarruq arrangement. In a filing with Bursa Malaysia, Genting Plantations said the Sukuk Murabahah issued had a tenure of five years at a profit rate of 3.88% per annum. 'Benih Restu will advance the proceeds from the issuance of Sukuk Murabahah to Genting Plantations and/or any of its subsidiaries (group) via syariah-compliant intercompany advances from Benih Restu to the group,' the oil palm group said. Genting Plantations group will use the proceeds for its operating expenses; capital expenditure; investment; refinancing; working capital requirements; and general funding requirements, among others. Meanwhile, in a separate filing, Genting Plantations said Benih Restu had also undertaken its second issuance of Sukuk Wakalah amounting to RM500mil in nominal value under its RM2bil Sukuk Wakalah programme via Wakalah Bi Al-Istithmar. 'The Sukuk Wakalah programme comprises RM300mil in nominal value with a tenure of seven years, issued at a profit rate of 3.93% per annum, and RM200mil in nominal value with a tenure of 12 years, issued at a profit rate of 4.05% per annum. 'The Genting Plantations group will thereafter apply the proceeds for the syariah-compliant purposes such as operating expenses, capital expenditure, and investment,' the company said. — Bernama
