Author: corneliuswallen

PLS Plantations Showcases Performance Improvement with a 340% Net Profit Increase

PLS Plantations Berhad (“PLS Plantations” or the “Company”) today announced a 340% jump in the net profit for their second quarter financial performance for the period ended 31 December 2021 (Q2FY2022). The Company recorded a net profit after tax of RM9.97 million, a 4.4 times jump from RM2.26 million for the same quarter of the preceding year ended 31 December 2020 (Q2FY2021) on the back of higher revenue and managed costs. For the same quarter, PLS Plantations’ profit before tax (“PBT”) stood at RM14.0 million, 265% higher compared to RM3.84 million posted for the same period, Q2FY2021, due to higher ... Read more