Tradewinds Plantation Bhd's pre-tax profit for the first quarter ended March 2011 rose to RM75.7 million from RM39.8 million in the same quarter last year.

Its revenue increased to RM229.9 million from RM183.4 million previously, mainly due to the increase in the prices of palm products, it said in a filing to Bursa Malaysia today.

Tradewinds expected the results for the remaining quarters of the current financial year ending December 2011 to be better than the current quarter's.

This is based on the prevailing prices of palm products and the forecast increase in production in the coming quarters, it said. -- Bernama