2 weeks Ago
PETALING JAYA: United Plantations Bhd expects its performance for 2025 to be “satisfactory” despite global uncertainties, as the group remains focused on operational efficiency and securing its budgeted crop. “United Plantations remains mindful of the challenges that may arise in the remaining part of the year. However, based on the performance to date, a stable labour situation and the company’s strong commitment to securing its budgeted crop, we expect the results for 2025 to be satisfactory,” it said in a filing with Bursa Malaysia.
During the first quarter ended March 31, 2025 (1Q25), United Plantations said palm oil prices fluctuated between RM4,182 and RM4,673 per tonne, ending the quarter at RM4,420. However, average selling prices of crude palm oil (CPO) and palm kernel for the quarter climbed to RM4,442 and RM3,288 per tonne, 6.3% and 57.
9% higher, respectively, than the corresponding quarter. United Plantations saw its revenue for the quarter rose 8.6% to RM517.
6mil from RM476.7mil in 1Q24, driven by higher contributions from both its plantation and refinery segments. Correspondingly, net profit for 1Q25 jumped 22.
9% to RM163.3mil, up from RM132.9mil a year ago.
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