KUALA LUMPUR: Boustead Holdings Bhd's first-quarter net profit more than quadrupled to RM40.9 million from RM9.5 million a year ago, on higher contribution across all segments led by its plantation division. In a filing with Bursa Malaysia yesterday, Boustead said its plantation division's revenue rose 38% year-on-year (y-o-y), driven by higher palm product prices and improved crop production. Similarly, its trading and industrial division saw revenue rise 45% y-o-y on higher fuel price. It also declared a first interim dividend of 2.5 sen per share for the financial year ending Dec 31, 2017 (FY17), payable on June 23. Fresh fruit bunch production rose 13% to 209,526 tonnes due to improved yields as crops recovered from the impact of El Nino.
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BHEL Q4 net profit down 57% at Rs 215.55 cr
Net Profit (PAT) stood at Rs 496 crore, against a net loss of Rs 710 crore (IND-AS restated) in the previous year." The standalone net profit of the company was Rs 495.86 crore in 2016-17 while it had reported a loss of Rs 709.60 crore in 2015-16. The company had posted a standalone net profit of Rs 505.71 crore in the corresponding quarter of previous fiscal, BHEL stated in a BSE filing today. State-run BHEL's standalone net profit declined by 57 per cent to Rs 215.55 crore in the fourth quarter ended March, due to lower income and provisions for higher wages. The standalone total income rose to Rs 30,201.39 crore in 2016-17 from Rs 28,136.09 crore in the previous year.read more visit us profit
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