SD Guthrie expects solid performance for FY24

Quick Summary:

SD Guthrie Bhd, formerly known as Sime Darby Plantation Bhd, forecasts crude palm oil (CPO) prices will remain steady at current levels for the near future.

Any further upside to CPO prices may be limited by the supply outlook and trading premiums of substitute vegetable oils,” SD Guthrie said in a statement on its results.

It noted that the decline in y-o-y net profit for the quarter was mainly due to one-off extraordinary items booked in the previous year’s quarter.

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Category: EconomyBusiness

Markets: MalaysiaIndonesiaSingapore

Topics: CPOPrices Corporate News RenewableEnergy PalmOilMarket IndustrialParks DownstreamGrowth SDGuthrie /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 00:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 510 words

Reading Time: 3 minutes read

Sentences: 16 lines

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Copyright Owner: © The Star

News ID: 23723838

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