Johor Plantations net profit jumps 51pc to RM150.64m in 1H 2025 on higher prices, crop buys

AI Summary

Johor Plantations Group (JPG) saw a 51% year-on-year increase in net profit to RM150.64 million for the first half of 2025, thanks to higher selling prices and increased external crop purchases. Revenue also grew by 12.6% to RM738.72 million despite lower production. The company declared a second interim dividend of 1.25 sen per share. Strong performance was attributed to disciplined upstream operations and expanded sourcing. CFO Aziah Ahmad will retire on September 1, 2025, and be replaced by Zain Azrai Zainal Abidin.