Chin Teck Plantations attributed its stronger earnings to the substantial increase in the average selling prices of crude palm oil, fresh fruit bunches (FFB), and palm kernel (PK).
PETALING JAYA: Chin Teck Plantations Bhd
saw its net profit increase 44% to RM11.2mil for the third quarter (Q3) ended May 31,2020, from RM7.8mil in the corresponding quarter last year.
The plantation group attributed its stronger earnings to the substantial increase in the average selling prices of crude palm oil, fresh fruit bunches (FFB), and palm kernel (PK).
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
