Sarawak Oil Palms Bhd’s net profit for its first quarter ended March 31, 2016 (1QFY16) surged by 359.3% to RM25.03 million, from RM5.45 million in the corresponding period a year ago.
The sharp jump in profit was attributed to higher sales volume of palm oil products and gain on fair value changes of RM16.7 million from outstanding derivatives contracts.
The plantation group registered quarterly revenue of RM1.035 billion in 1QFY16, an increase of 64.2% from RM630.9 million in 1QFY15.
From TheEdgeDaily News
SUMMARY OF KEY FINANCIAL INFORMATION
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
31 Mar 2016
|
31 Mar 2015
|
31 Mar 2016
|
31 Mar 2015
|
||
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
1 | Revenue |
1,035,709
|
630,873
|
1,035,709
|
630,873
|
2 | Profit/(loss) before tax |
31,628
|
7,989
|
31,628
|
7,989
|
3 | Profit/(loss) for the period |
23,983
|
5,157
|
23,983
|
5,157
|
4 | Profit/(loss) attributable to ordinary equity holders of the parent |
25,032
|
5,450
|
25,032
|
5,450
|
5 | Basic earnings/(loss) per share (Subunit) |
5.67
|
1.24
|
5.67
|
1.24
|
6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
3.2100
|
3.1600
|
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Calvin comments:
Oil Palm Counters & CPO Prices are On Track To Go Into Multi Year Highs!
Any weakness in Old Palm Counters or CPO Futures present a great buying opportunity.
The hurrah of rebound for export stocks might be soon over.
Make your switch now while the switching is still possible!
Do it & do it soonest
Very Best Regards,
Calvin
Republic of Singapore
Note: Sarawak Oil Palm (SOP) is the forerunner!
All Oil Palm Counters Will Have Their Bull Runs One By One!
HIP HIP HOORAY!!!!!!!
Created by calvintaneng | Aug 30, 2024
Created by calvintaneng | Aug 30, 2024
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Created by calvintaneng | Aug 28, 2024
Created by calvintaneng | Aug 23, 2024
Created by calvintaneng | Aug 22, 2024
To Calvin
Looking at SOP 1Q2016 Financial Results...
Turnover of RM1.035 billion making a net profit of RM25Mil...only...
Gross profit margin at 2.41% really paper thin profit...
Any drastic drop in turnover, SOP will make much less profit...
Fundamentally is SOP a good stock to invest???
2016-04-28 09:02
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
SOP
15.4.2016 MYR 2.84
7.3.2024 MYR 3,16
2024-03-07 13:48
Invest1188
export counters not dead yet, however agree, plam oil stock will trend higher
2016-04-28 00:06