Corporate digest

First Resources

WEAKER palm oil prices hit First Resources' earnings, as the palm oil producer posted a 52.8 per cent drop in Q2 net profit to US$17 million. Earnings per share were 1.07 US cents, down from 2.27 US cents.

Sales fell 20.8 per cent to US$143.4 million amid lower average selling prices. An interim cash dividend of 0.625 Singapore cent was declared, to be paid on Sept 12, versus a dividend of 1.25 Singapore cents a year ago.

mm2 Asia

FILM production company mm2 Asia's Q1 net profit declined 4.1 per cent to S$7 million, mainly due to higher amortisation of film rights. Earnings per share came in at 0.6 Singapore cent, down…