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First Resources H1 net profit falls 16.7% to US$32.6m on higher export taxes

Despite profit drop, palm oil producer sees 48.4% surge in sales

Jude Chan

Published Sat, Aug 14, 2021 · 05:50 AM

Singapore

PALM oil producer First Resources on Friday announced a 16.7 per cent drop in net profit to US$32.6 million for the six months ended June 30, from US$39.1 million a year ago.

Earnings per share fell to 2.06 US cents in H1, from 2.47 cents in the year-ago period.

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Companies & Markets

Companies & Markets

First Resources H1 net profit falls 16.7% to US$32.6m on higher export taxes

Jude Chan

KEYWORDS IN THIS ARTICLE

Companies & Markets

Chevron's quarterly profit beats estimates

EU toughens rules on Chinese fashion retailer Shein

Keppel prices 70 million euros of floating-rate notes due 2031

Mixed trading in Asia as investors watch for further macro data; STI down 0.2%

Shareholders raise questions over dividend payout, directors’ salaries at Best World AGM ahead of proposed privatisation

China’s Bank of Communications Q1 profit rises 1.44%

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