KUCHING: Sarawak Plantation Bhd (SPB) has posted higher group pre-tax profit of about RM41.8 million in third quarter ended September 30, 2024 (3Q2024) against RM36.5 million in 3Q2023 despite a sharp drop in group revenue to RM149.1 million from RM172.7 million. Group net profit rose to about RM31.1 million from RM27.1 million in 3Q2023. Estate operation recorded a segment revenue and segment profit of RM71.8 million and RM28 million respectively whereas mill operations registered segment revenue and profit of RM133.9 million and RM6.2 million respectively. “The group’s operating profit before tax was RM73.5 million for the current financial period compared to operating profit before tax of RM67.6 million for the corresponding period of the preceding year. In 9m2024, SPB’s estate operations generated revenue of RM181.8 million and profit of RM61 million whereas the mill operations recorded revenue of RM372.3 million and profit of RM17.2 million.

Source: The Express Tribune November 24, 2024 23:58 UTC