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Sarawak Plantation Bhd reported solid 2QFY25 results with core earnings of RM20.3 million, bringing 1HFY25 earnings to RM39.8 million, meeting market expectations. Revenue remained steady despite a slight dip, supported by marginally higher CPO prices. While 1HFY25 FFB production decreased year-on-year, 2QFY25 production saw a 5.3% increase, alongside improved FFB yield and OER. Lower production costs contributed to the 7% year-on-year growth in core earnings. The company is on track to achieve its replanting target, indicating steady long-term FFB production.
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