{
  "id": 1695444,
  "title": "Higher costs and lower production eats into JPG's earnings in Q2",
  "url": "https://urgent.news/2026/08/18/higher-costs-and-lower-production-eats-into-jpgs-earnings-in-q2",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-18T10:59:18.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/08/1513960/higher-costs-and-lower-production-eats-jpgs-earnings-q2"
  },
  "original_language": "en",
  "account": "Johor Plantations Group Bhd (JPG) saw its net profits decline by 31.9% to RM51.15 million in the second quarter ended June 30, 2026, primarily due to increased cost of sales and reduced deliveries of crude palm oil (CPO) and palm kernel (PK). Revenue increased by 4.4% to RM415.84 million, mainly driven by a rise in CPO sales. JPG announced a second interim dividend of 1.10 sen per share, lower than the 1.25 sen paid a year earlier. The company's revenue rose 16.6% quarter-on-quarter, thanks to higher fresh fruit bunch (FFB) processing volumes and more external crop contributions. JPG processed 5.2% more FFB internally and 28.4% more externally, totaling a 13.0% increase. Favorable commodity prices, with CPO and PK selling prices up by 9.0% and 10.1% respectively, helped offset higher costs. For the first half of 2026, JPG reported revenue of RM772.5 million, a 4.6% increase from the same period last year, but net profits fell 32.8% to RM101.5 million, due to lower CPO and PK selling prices and higher operating costs. The group is concentrating on improving its upstream operations through replanting, better planting materials, and estate enhancements. JPG's share price remained steady at RM2.05, valuing the company at RM5.13 billion, up 30.6% year-to-date.",
  "summary": "KUALA LUMPUR : Johor Plantations Group Bhd’s (JPG) net profits plunged 31.9 per cent to RM51.15 million during the quarter ended June 30, 2026 (Q2 FY26), mainly attributable to higher cost of sales, coupled with lower crude palm oil (CPO) and palm kernel (PK) delivery volumes.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}