United Plantation Bhd's pre-tax profit for the fourth quarter ended Dec 31, 2010 increased to RM107.3 million from RM92.34 million in the same period of 2009.

Revenue rose to RM302.83 million from RM197.87 million previously.

For the financial year ended Dec 31, 2010, its pre-tax profit decreased to RM349.46 million from RM372.79 million in the same period last year.

Revenue, however, rose to RM995.1 million from RM816.67 million previously.

In a filing Bursa Malaysia today, United Plantation said the decrease in pre-tax profit was due to the fall in the production of crude palm oil and palm kernel in 2010 as compared with 2009.

'Another factor is the RM15.96 million unrealised foreign exchange loss on the rupiah's loans to Indonesian units due to the strengthening ringgit,' it said.

United Plantation said it planned replant a large area in Malaysia this year in accordance with its replanting policy.
-- BERNAMA