23-04-2025
- Business
- New Straits Times
United Plantations 1Q 2025 net profit rises to RM163.26 mil
KUALA LUMPUR: United Plantations Bhd posted a higher net profit of RM163.26 million for the first quarter ended March 31, 2025 (1Q 2025), up from RM133.54 million a year earlier.
Revenue for the quarter rose by 8.6 per cent to RM517.63 million from RM476.75 million previously.
In a filing with Bursa Malaysia today, the company said that revenue growth was mainly driven by increases in the plantation and refinery segments during the quarter, primarily due to higher crude palm oil and palm kernel production and prices.
"The company's profit before tax at RM222.4 million for the current quarter was also higher by 24.6 per cent compared to RM178.4 million in the corresponding quarter, mainly due to a higher contribution from the plantation segment," United Plantations said.
On prospects, the company said that it remains focused on operations and is undertaking various measures to improve yields and productivity through ongoing mechanisation initiatives, and the replanting of older, less productive oil palm stands with its latest in-house high-yielding planting materials.
"Looking ahead, we remain mindful of the challenges for the remainder of the year. However, based on the performance to date, a stable labour situation, and the company's strong commitment to securing the budgeted crop, the board of directors expects the results for 2025 to be satisfactory," it added.
