sarawak oil palms bhd


Boustead Plantations net profit for the first quarter ended March 31 2022 1QFY22 surged to RM435 million from RM12 million a year prior with quarterly revenue climbing. KUALA LUMPUR May 24.


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Bursa Malaysia was slightly higher in the early session on Tuesday May 24 driven by mild buying interest after finishing in the red on Monday in line with the weaker regional market sentiment dealers saidAt 916am the FBM KLCI had increased 047 of a point or 003 to 15430 from Mondays close at 154253The benchmark index opened.

. In which the newly formed Sarawak Oil Palm Berhad SOPB planted a total of 5000-hectare 50 km 2 oil palm plantations near Miri by employing Indonesian workers at these plantations. Plantation companies Boustead Plantations Bhd Sarawak Oil Palms Bhd Ta Ann Holdings Bhd and Innoprise Plantations Bhd saw their profits soaring amid higher palm product prices. Sarawak Oil Palms fresh fruit bunch growth for 1Q22 was down 137 per cent y-o-y which was significantly below RHB Researchs minus 05 per cent y-o-y projection and managements flattish.

Since the 1980s SOPB has a total of 30000-hectare 300 km 2 of oil palm in Miri. Sarawak Shell Berhad upstream business and Petronas Carigali Sdn Bhd have their offices based in Miri.


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