Plantation sector in for another strong quarter

Research firms foresee another quarter of strong earnings growth for the plantation sector, supported by higher crude palm oil (CPO) average selling prices (ASPs).

The plantation industry’s core profit after tax and minority interests for the first quarter (1Q22) were higher year-on-year (y-o-y) for the ninth consecutive quarter, lifted by record CPO and palm kernel ASPs.

Maybank Investment Bank (IB) Research said strong earnings for 1Q22 were buoyed by historic high quarterly CPO and palm kernel ASPs and y-o-y output growth for selected growers.

Dekel Agri-Vision PLC (LON:DKL) aspires to become a leading agro-industrial company in West Africa, one that creates value for shareholders whilst at all times placing the interests of the local communities and environment in which it operates in at the heart of its operations.

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