Chin Teck 3Q earnings surge 53%

PETALING JAYA: Chin Teck Plantations Bhd, which has reported a 52.8% surge in net profit in the third quarter, expects higher average selling prices for fresh fruit bunches (FFB), crude palm oil (CPO) and palm kernel (PK) in the financial year ending Aug 31, 2025.

In the third quarter ended May 31, its net profit jumped 52.8% to RM34.6mil, or an earnings per share of 37.94 sen, lifting its nine-month profit to RM84.8mil, or 92.78 sen.

Revenue climbed 20.4% to RM80.2mil, bringing cumulative revenue for the period to RM212.8mil. The increase was driven by higher average selling prices and stronger sales volumes of FFB, CPO and PK.

Chin Teck Plantations has declared a second interim single-tier dividend of eight sen and a special single-tier dividend of 28 sen in respect of the financial year ending Aug 31. Both dividends are payable on Aug 29, with the ex-date set for Aug 13.