PETALING JAYA: PLS Plantations Bhd
will continue with its sanitation and rehabilitation works, as well as good plantation practices to improve the production yield of its oil palm estates and matured durian plantation.
In a filing with Bursa Malaysia, the company said it will also pursue ventures into other cash crops, in addition to its recent involvement in the development of banana plantations.
For its fourth quarter ended June 30, 2023, PLS Plantations’ net loss widened to RM31.91mil from RM417,000 in the previous corresponding period, while revenue dropped to RM21.82mil from RM44.84mil a year earlier.
It reported a loss per share of 7.69 sen for the quarter under review.
For its financial year ended June 30, 2023, PLS Plantations reported a net loss of RM32.68mil, compared with a net profit of RM27.31mil in the previous corresponding period, while revenue was lower at RM118.27mil from RM184.05mil a year earlier.
