News Formal

United Plantations’ shares up after posting positive earnings

  • 📰 malaymail
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 86%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

KUALA LUMPUR, July 21 ― United Plantations Bhd’s shares were up in the early trade after the group reported better earnings in the second quarter ended June 30, 2022 (Q2...

KUALA LUMPUR, July 21 ― United Plantations Bhd’s shares were up in the early trade after the group reported better earnings in the second quarter ended June 30, 2022 , amidst elevated crude palm oil prices.In a filing with Bursa Malaysia, United Plantation reported that its net profit grew by 36 per cent to RM184.63 million from RM135.79 million a year ago.Its plantation segment’s revenue rose by 25.

“With the significant uncertainties related to the consequences of the Russia-Ukraine war and the unresolved chronic labour shortage in Malaysia, it is difficult to predict the results for 2022. “However, based on the current palm oil prices and the company’s ability to minimise significant crop losses so far despite the acute labour shortage, we expect that the results for the year will be satisfactory and better than in 2021,” it said. ― Bernama

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 1. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Nasdaq boosted by growth stocks after Netflix’s upbeat forecastNEW YORK, July 20 — The Nasdaq rose today after a positive forecast from Netflix added to a largely upbeat second-quarter earnings from US companies against the backdrop of...
Källa: malaymail - 🏆 1. / 86 Läs mer »