KUALA LUMPUR: Oleochemical and plantation company Southern Acids (M) Bhd said strong commodity prices boosted its sales and profits in the first quarter ended June 30.
Net profit soared 37% to RM23.5mil compared with RM17.2mil made a year ago. Revenue jumped to RM258mil from RM158mil previously.
The group said operating profit at its three core business oleochemical, healthcare as well as milling and estate operations, were more than doubled compared to the same quarter last year.
"We remain cautious on our prospects for the Oleochemical segment," the company said iRead More »