TH Plantations records net profit of RM5.78mil in Q2 2026
KUALA LUMPUR: TH Plantations Bhd (THP) registered a net profit of RM5.78 million for the second quarter ended June 30, 2026 (Q2 2026) compared with RM11.78 million in Q2 2025.
KUALA LUMPUR: TH Plantations Bhd announced a net profit of RM5.78 million for the second quarter ended June 30, 2026, a decline from RM11.78 million in the same quarter last year. Revenue increased slightly to RM220.80 million from RM226.58 million, driven by higher selling prices for crude palm oil and palm kernel. For the first half of 2026, the company reported a net profit of RM17.41 million, down from RM24.63 million in the same period in 2025.
Despite these declines, THP's CEO, Datuk Borhan Bachi, expressed confidence in the company's operational fundamentals and cost management. The group's first biogas power plant is operational, contributing to its ESG agenda. Borhan highlighted the importance of improving yields, optimizing resource utilization, and maintaining cost discipline to strengthen the group's resilience and sustainability.
Looking ahead, THP anticipates production improvements in the second half of 2026, despite potential temporary cost pressures from ongoing conflict in West Asia.
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