The Star

Tuesday - April 29, 2008

KUCHING: Sarawak Plantation Bhd’s group pre-tax profit for the first quarter ended March 31 more than doubled to RM14.3mil from RM7mil in the previous corresponding period.

Group revenue jumped RM19mil, or 57.7%, to RM51.9mil on higher average prices of crude palm oil (CPO) and palm kernel, it said in a statement.

It expects the group’s financial performance this year to remain stable in line with the firm CPO prices.

For the year ended Dec 31, 2007, the board has recommended a final gross dividend of 7.2 sen per share, which would involve a total payout of RM14.9mil.

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