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New Straits Times
a day ago
- Business
- New Straits Times
United Plantations 2Q net profit rises 34.1pct to RM249.38mil
KUALA LUMPUR: United Plantations Bhd's net profit rose 34.1 per cent to RM249.38 million for the second quarter (2Q) ended June 30, 2025, from RM185.94 million in the same period last year. Revenue also increased by 16.9 per cent to RM638.42 million from RM546.08 million previously, the crude palm oil (CPO) and coconut producer said in a filing with Bursa Malaysia. For the six months ended June 30, 2025, United Plantations recorded a higher net profit of RM412.64 million compared with RM318.81 million, while revenue improved by 13.0 per cent to RM1.16 billion against RM1.02 billion previously. "Higher CPO and palm kernel (PK) production, coupled with higher prices, have increased the group's revenue," it said. Furthermore, the group's net interest income of RM10.2 million in the first half-year was 21.5 per cent lower than the RM13.0 million recorded in the previous year's corresponding period as a result of lower deposits. United Plantations said CPO and PK production increased by 13.8 per cent and 20.5 per cent , respectively. The average selling price of CPO rose 5.6 per cent to RM4,361 per metric tonne while that of PK jumped 46.5 per cent to RM3,312 metric tonne. Meanwhile, CPO's cost of production was 5.1 per cent lower at RM1,268 per metric tonne while PK's cost of production was down 7.6 per cent at RM329 metric tonne compared with the first six months of last year. Looking ahead, United Plantations said weather developments will continue to be important to monitor, especially with the approach of the peak production months of July to September. With export volumes showing signs of slowing, there is a risk that rising output could lead to a buildup of stocks and renewed pressure on prices, it said. "However, based on the performance to date, a stable labour situation and the company's strong commitment to securing its budgeted crop, the board of directors expects that the results for 2025 will be satisfactory," it added.
The Star
a day ago
- Business
- The Star
United Plantations 2Q net profit rises 34.1% to RM249.4mil
KUALA LUMPUR: United Plantations Bhd 's net profit rose 34.1 per cent to RM249.38 million for the second quarter (2Q) ended June 30, 2025, from RM185.94 million in the same period last year. Revenue also increased by 16.9 per cent to RM638.42 million from RM546.08 million previously, the crude palm oil (CPO) and coconut producer said in a filing with Bursa Malaysia. For the six months ended June 30, 2025, United Plantations recorded a higher net profit of RM412.64 million compared with RM318.81 million, while revenue improved by 13.0 per cent to RM1.16 billion against RM1.02 billion previously. "Higher CPO and palm kernel (PK) production, coupled with higher prices, have increased the group's revenue,' it said. Furthermore, the group's net interest income of RM10.2 million in the first half-year was 21.5 per cent lower than the RM13.0 million recorded in the previous year's corresponding period as a result of lower deposits. United Plantations said CPO and PK production increased by 13.8 per cent and 20.5 per cent , respectively. The average selling price of CPO rose 5.6 per cent to RM4,361 per metric tonne while that of PK jumped 46.5 per cent to RM3,312 metric tonne. Meanwhile, CPO's cost of production was 5.1 per cent lower at RM1,268 per metric tonne while PK's cost of production was down 7.6 per cent at RM329 metric tonne compared with the first six months of last year. Looking ahead, United Plantations said weather developments will continue to be important to monitor, especially with the approach of the peak production months of July to September. With export volumes showing signs of slowing, there is a risk that rising output could lead to a buildup of stocks and renewed pressure on prices, it said. "However, based on the performance to date, a stable labour situation and the company's strong commitment to securing its budgeted crop, the board of directors expects that the results for 2025 will be satisfactory,' it added. - Bernama
