Sarawak Plantation's profit increased due to higher palm oil prices

Sarawak Plantation Bhd (SPB) reported increased net profit for the first quarter of 2025, reaching RM22.63 million. This rise was primarily due to higher crude palm oil prices. The plantation group's revenue also grew to RM135.51 million, despite lower sales volumes of crude palm oil and palm kernel. SPB cited global economic uncertainty, including US tariffs and supply chain disruptions, as ongoing concerns. SPB plans to focus on productivity, cost reduction, and cash flow management to navigate market challenges and strengthen its financial position.