First Resources' (SGX:EB5) underlying net profit surged by 44% to $87.5 million in the third quarter from $61 million a year earlier, according to a Friday filing with the Singapore Exchange.

Sales zoomed 83% year over year to $463.3 million from $253.9 million, driven by an increase in the production of fresh fruit bunches, crude palm oil and palm kernel.

Shares of the company were down over 1% in recent trade.