Chin Teck Plantations Berhad Reports Consolidate Earnings Results for the First Quarter Ended November 30, 2017; Reports Production Results for First Quarter Ended November 30, 2017
Chin Teck Plantations Berhad reported consolidate earnings results for the first quarter ended November 30, 2017. For the quarter, the company reported revenue of MYR 42,512,000 against MYR 42,462,000 a year ago. Profit before tax was MYR 18,181,000 against MYR 19,300,000 a year ago. Profit for the period was MYR 13,589,000 against MYR 15,732,000 a year ago. Profit attributable to ordinary equity holders of the parent was MYR 13,589,000 against MYR 15,732,000 a year ago. Basic earnings per share were 14.87 sen against 17.22 sen a year ago. Diluted earnings per share were 10.00 against 9.00 a year ago. Net assets per share attributable to ordinary equity holders of the parent MYR 7.7300 against MYR 7.6200 a year ago. Net cash flow generated from operating activities was MYR 5,788,000 against MYR 14,209,000 a year ago. Purchase of property, plant and equipment was MYR 486,000 against MYR 438,000 a year ago.
The company reported production results for first quarter ended November 30, 2017. For the quarter, the company produced fresh fruit bunches of 59,378 m/t against 46,742 m/t a year ago. Crude palm oil production was 11, 574 m/t against 11,065 m/t a year ago.