Thursday, October 20, 2011

TH Plantations 3Q earnings up 53.8% to RM33m

KUALA LUMPUR: TH PLANTATION []s Bhd's earnings rose 53.8% to RM33.12 million in the third quarter ended Sept 30, 2011 from RM21.53 million a year ago as it benefited from higher prices for crude palm oil, palm kernel and fresh fruit bunches.

It said on Thursday, Oct 20 that revenue increased 37.7% to RM115.97 million from RM84.22 million. Earnings per share were 6.51 sen compared with 4.41 sen.

For the nine-month period, its earnings jumped 85.6% to RM87.12 million from RM46.93 million while revenue increased by 27.9% to RM303.73 million from RM237.44 million.

Its cash and cash equivalents increased to RM207.09 million as at end-September compared with RM47.75 million a year ago.


No comments:

Post a Comment