First Resources Net Profit Rises 19% in Q3

MT Newswires

2024/11/14

First Resources' (SGX:EB5) underlying net profit rose 19% to $61.0 million in the third quarter, from $51.1 million in the year-ago period.

The palm oil producer registered sales worth $253.9 million in the three months ended Sept. 30, up 2.3% from $248.3 million a year earlier, according to a Thursday Singapore bourse filing.

EBITDA for the period came in at $105.9 million, versus 82.8 million in the year-ago quarter.

The company attributed the improved performance to higher average selling prices and better processing margins.

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