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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.