Chin Teck 1Q net profit rises to RM34mil

PETALING JAYA: Chin Teck Plantations Bhd expects the current trend in average selling prices of crude palm oil (CPO) to remain.

In a filing with Bursa Malaysia, the plantation group said it expects satisfactory plantation results for its current financial year ending Aug 31, 2026.

For its first quarter ended Nov 30, 2025, its net profit rose to RM34.08mil from RM32.55mil in the previous corresponding period, while revenue rose to RM87.74mil from RM73.15mil a year earlier, due to increases in the average selling prices and sales volume of CPO and palm kernel (PK).

Chin Teck said production and purchase of fresh fruit bunches (FFB) were higher.

“Correspondingly, the production of CPO and PK were higher. Cost of sales were higher mainly due to increase in purchase of FFB,” it said.