MHC Plantations Bhd achieved a pre-tax profit of RM34.157 million on the back of a turnover of RM180.790 million for the second quarter ending June 30, 2022, from a pre-tax profit of RM21.349 million on the back of a turnover of RM139.012 million previously
The Group recorded a revenue of RM180.79 million and profit before tax of RM34.16 million for the current quarter ended 30 June 2022 as compared to a revenue of RM139.01 million and profit before tax of RM21.35 million in the preceding year quarter ended 30 June 2021.
The significant increases in revenue and profit before tax were mainly due to higher average selling prices of CPO, PK, FFB and EFB Oil by 59%, 39%, 57%, and 34% respectively
