KUALA LUMPUR: United Malacca Bhd
expects fresh fruit bunches (FFB) production to increase in the financial year ending April 30, 2025 (FY25), driven by a better age profile and improvements in operational efficiency.
“For Malaysian operations, FFB production for the six months ended Oct 31, 2024 (6MFY25) increased by 10% or 17,814 tonnes from the corresponding period in the preceding year mainly due to seasonal high yielding trend in Peninsular estates,” United Malacca said in a filing with Bursa Malaysia.
United Malacca said that for its Indonesian operations, FFB production for 6MFY25 decreased by 5%, or 2,526 tonnes, compared to the same period last year, due to the seasonal low yield in its Indonesian estates from May to August 2024.
In the second quarter ended Oct 31, 2024 (2Q25), United Malacca’s net profit more than doubled to RM30.9mil, or earnings per share of 14.74 sen, compared with RM13.7mil, or 6.54 sen, posted in the same period last year.
Revenue for the quarter rose 26.9% to RM183.4mil versus RM144.5mil posted a year ago.
For the first half, its net profit surged to RM44.2mil, driven by a 23.8% increase in revenue to RM347.3mil.
