KUALA LUMPUR: CHIN TECK PLANTATION []S BHD [] net profit for the third quarter ended May 31, 2011 surged to RM24.18 million from RM10.89 million a year earlier
It said on Friday, July 29 that its revenue for the quarter increased to RM45.04 million from RM29.62 million in 2010.
Earnings per share was 26.47 sen while net assets per share was RM6,52.
The company declared a second gross interim dividend 30 sen per share in respect of the financial year ending Aug 31, to be paid on Aug 26.
For the nine months ended May 31, Chin Teck's net profit rose to RM54.17 million from RM35.43 million in 2010, on the back of revenue RM104.97 million.
Reviewing its performance, Chin Teck said the average selling prices (ASP) of fresh fruit bunch (FFB), crude palm oil (CPO) and palm kernel were substantially higher year-on-year.
Other income was substantially higher due mainly to gain on foreign exchange and increase in interest income, it said.
On its prospects, Chin Teck said the ASP of FFB, CPO and palm kernel prices were expected to remain steady in the fourth quarter ending Aug 31.
'Overall, the average selling prices of FFB, CPO and palm kernel would be higher than those in the previous financial year,' it said.
It said on Friday, July 29 that its revenue for the quarter increased to RM45.04 million from RM29.62 million in 2010.
Earnings per share was 26.47 sen while net assets per share was RM6,52.
The company declared a second gross interim dividend 30 sen per share in respect of the financial year ending Aug 31, to be paid on Aug 26.
For the nine months ended May 31, Chin Teck's net profit rose to RM54.17 million from RM35.43 million in 2010, on the back of revenue RM104.97 million.
Reviewing its performance, Chin Teck said the average selling prices (ASP) of fresh fruit bunch (FFB), crude palm oil (CPO) and palm kernel were substantially higher year-on-year.
Other income was substantially higher due mainly to gain on foreign exchange and increase in interest income, it said.
On its prospects, Chin Teck said the ASP of FFB, CPO and palm kernel prices were expected to remain steady in the fourth quarter ending Aug 31.
'Overall, the average selling prices of FFB, CPO and palm kernel would be higher than those in the previous financial year,' it said.
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