Friday, October 21, 2011

TH Plantations rises on firmer 3Q earnings

KUALA LUMPUR: TH PLANTATION []s Bhd's shares advanced on Friday, Oct 21 after its 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.

At 9.05am, TH Plantations added five sen to RM2.04 with 25,500 shares traded.

Its 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.

No comments:

Post a Comment