UP Net Profit Rises 17% On Higher Plantation, Refinery Profits
UP Net Profit Rises 17% On Higher Plantation, Refinery Profits
United Plantations Bhd (UP) reported a 17% increase in net profit to RM185.94 million for the second quarter ended June 30, 2024 (2QFY2024), up from RM159.02 million in the same period last year.
聯合植果有限公司（UP）報告，截至2024年6月30日的第二季度（2QFY2024），淨利潤增長17％至RM185.94百萬，高於去年同期的RM159.02百萬。
This growth was driven by higher profits from both its plantation and refinery segments. Earnings per share also saw a rise to 44.83 sen compared to 38.34 sen in 2QFY2023.
這一增長主要得益於種植和煉油業務利潤的增加。每股收益也增長到44.83仙，而去年同期爲38.34仙。
The company's quarterly revenue climbed 16% to RM546.08 million in 2QFY2024 from RM470.07 million a year earlier. This uptick was primarily attributed to increased revenue from its plantation and refinery operations, largely due to higher prices of crude palm oil (CPO) and palm kernel (PK).
該公司第二季度營收從去年同期的RM470.07百萬增長了16％至RM546.08百萬。該增長主要歸因於種植和煉油業務的營收增加，這主要是由於原油棕櫚油（CPO）和棕櫚仁（PK）價格上漲導致的。
Despite the robust financial performance, United Plantations did not propose an interim dividend for 2QFY2024.
儘管聯合植果的財務業績強勁，但該公司並未提議2QFY2024的中期股息。
For the first half ended June 30, 2024 (1HFY2024), the company's net profit surged 18% year-on-year to RM318.81 million, up from RM271.11 million. Revenue for the period rose 10% to RM1.02 billion compared to RM930.06 million in 1HFY2023.
截至2024年6月30日的上半年（1HFY2024），該公司的淨利潤同比增長18％至RM318.81百萬，而去年同期爲RM271.11百萬。該時期的營收增長了10％，達到10.2億令吉，而1HFY2023爲9,300.6萬令吉。
In its filing with Bursa Malaysia, the company highlighted that palm oil prices in 2QFY2024 ranged from RM3,767 to RM4,443 per tonne and closed at RM4,000 per tonne by the end of June. Factors such as lower-than-expected production in Malaysia and Indonesia, weather-related concerns, and increased demand from China contributed to this price movement.
根據與馬來西亞交易所的文件，該公司指出，2QFY2024的棕櫚油價格在RM3,767至RM4,443/噸之間波動，並在6月底達到RM4,000/噸。馬來西亞和印度尼西亞的產量低於預期、氣候相關問題和中國需求的增加等因素導致了這種價格波動。
Looking ahead, United Plantations noted that the performance in the upcoming months, traditionally peak production periods, will depend on production levels in Malaysia and Indonesia and any significant changes in stock levels. The company remains cautiously optimistic about the global economic outlook for the remainder of 2024 but acknowledges potential challenges such as geopolitical conflicts and their impact on global supply chains.
展望未來，聯合植果指出，未來幾個月通常是產量高峰期，其業績將取決於馬來西亞和印度尼西亞的產量以及股票水平的任何重大變化。該公司對2024年剩餘時間的全球經濟前景持謹慎樂觀態度，但承認潛在的挑戰，如地緣政治衝突及其對全球供應鏈的影響。
Management emphasized ongoing efforts to enhance yields, reduce costs, and improve productivity through mechanization initiatives and replanting activities. These measures are crucial amid expected pressures from rising costs of labor, energy, and materials.
管理層強調機械化措施和更新種植計劃活動的持續努力，以提高產量、降低成本和提高生產率。鑑於勞動力、能源和材料成本的上漲壓力預計將加劇，這些措施至關重要。
Based on current palm oil prices and efforts to secure the anticipated crop for the rest of the year, United Plantations anticipates satisfactory results for the financial year ending December 31, 2024 (FY2024).
基於目前的棕櫚油價格和爲今年餘下時間保障產量的努力，聯合植果預計FY2024將有滿意的業績。
On Wednesday, United Plantations' shares closed unchanged at RM24.98, maintaining a market capitalization of RM10.4 billion. Year-to-date, the stock has appreciated by 39.87%, reflecting investor confidence in its performance and strategic initiatives.
週三，聯合植果的股價收於RM24.98不變，市值爲104億令吉。今年以來，股價上漲了39.87％，反映了投資者對其業績和戰略的信心。